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Editor's note: Originally published at tsi-blog.com on August 5, 2019. The euro may well gain in value relative to the US$ over the next 12 months, but three differences between the monetary systems of the US and the eurozone guarantee that the euro will collapse (cease being a useful me...
And we're standing outside of this "Wonderland" Looking so bereaved and so bereft Like a Bowery bum when he finally understands The bottle's empty and there's nothing left I don't know how it happened It was faster than the eye could flick But all I can do is hand it to you And...
For weeks, if not months, I have been reading one bearish bond article after another. In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in November of 2018. One suggests that this rally is really a “fake,” whereas anothe...
By Ashok Bhatia, Deputy Chief Investment Officer—Fixed Income; Olumide Owolabi, Portfolio Manager—Fixed Income As investors take temporarily weak inflation to be structural, it creates potential value in TIPS. Today's CIO Weekly Perspectives comes from guest contribut...
During what was variously described as a disastrous press conference on Wednesday, Jerome Powell said trade tensions nearly "boiled over" in May and June but "returned to a simmer" in July. The Fed Chair made a number of mistakes over the course of his press conference, and that was one of t...
On this week's episode of Bond Market Today, Kathy Jones discusses the Fed's recent interest rate cut and what it means for bond investors. Transcript Recently the Federal Reserve lowered short-term interest rates for the first time in over a decade, and while the move was widely ...
By Ryan McMaken On Wednesday, the Fed's Federal Open Market Committee lowered the target federal funds rate by 25 basis points, dropping it to 2.5 percent. The Fed had last changed its target rate in December of 2018, when it raised the rate from 2.25 percent to 2.50 percent. It now look...
America is under assault. While almost everyone is concentrating on the trade dispute between the United States and China, I am on a different course. I am focusing on what the nations in the European Union, Switzerland and Japan are doing by promoting negative yielding debt that now exceeds $...
After all of the hoopla surrounding what the Fed was going to do, or not going to do, the pronouncement has now been made. The Fed did several things, in actuality. First, it cut interest rates by one-quarter point, as was widely anticipated. This was their first rate cut since 2008 and it mar...
On July 31, the FOMC decided to reduce its short-term interest rate target by 25 bps. It was a move in the right direction (as I suggested in late May), but as today's market action demonstrated, it was an overly cautious move, particularly in light of escalating global trade tensions (i.e.,...