It is no news that the market has ceased to follow its apparently unrelenting advance. For the last month, it couldn’t get above 950 on the S&P. It bounced around between 950 and 930. Commentators that I follow became increasingly cautious about the market, warning that a downturn seemed likely. When the S&P broke below [...]
Entries Tagged as 'Bonds'
The “Correction” Has Arrived
July 7th, 2009 · No Comments · Bonds, Commodities, Economy, Global Economy, Stock Market, Technical Analysis
Tags:
A Tale of Two Depressions
June 8th, 2009 · No Comments · Analysis, Bonds, Debt, Economics, Economy, Federal Reserve, Global Economy, Interest rates, Stimulus, Stock Market, Treasury
The “Tale of Two Depressions” updates an earlier column (“up to April 2009) that graphically compared many aspects of global economic activity in the Great Depression and the recent past. The key findings of this comparison are: 1) many aspects of real economic activity are closely following the downward path of the Great Depression; 2) [...]
Tags:
The “Other” Markets Are the Big News – Bill Gross of PIMCO
June 7th, 2009 · No Comments · Bonds, Deficit, Economy, Interest rates, Stock Market
While most attention focuses on the stock market in the popular media, the big news of late has been in the bond and foreign exchange markets. Interest rates on government treasuries have been rising rapidly and the dollar has been plummeting equally rapidly. What is this about and what does it mean for the future? [...]
Tags:
Where Have I Been? What Is Going to Happen?
April 7th, 2009 · No Comments · Bailout, Banks, Bonds, Economics, Federal Reserve, Financial, Global Economy, Obama, Stock Market, Treasury, Video, Wall Street
Where Have I Been?
Regular readers will have noticed that I have made few posts the last few weeks. This is because I have been caught up in a combination of tax preparation nightmares and working on my major occupation — trying to bring sense and sensibility to the management of Jackson Forest, a state-owned 50,000-acre [...]
Tags:
Fed unleashes greatest bubble of all: John Kemp, Reuters
March 31st, 2009 · No Comments · Banks, Bonds, Debt, Federal Reserve, Global Economy, Interest rates, Policy, Stimulus, Stock Market, Treasury, Wall Street, deflation, inflation
[ Note: the following article is now 3-1/2 months old. The concerns it raise are as relevant and timely now as they were then. Federal Reserve debt projections have increased significantly since then.]
Reuters
Wed Dec 17, 2008 7:08am EST — John Kemp is a Reuters columnist. The views expressed are his own —
Fed unleashes greatest [...]
Tags:
Deflation or Inflation?
March 31st, 2009 · No Comments · Bonds, Debt, Economics, Federal Reserve, Financial, Global Economy, Interest rates, Policy, Treasury, Wall Street, deflation, inflation
This is an introduction to following posts on current government policies and their effects on future outlook for inflation versus deflation.
"Why should I care?" would be an understandable response to this topic. Inflation/deflation seems pretty far removed from concerns about economic and/or financial collapse. In truth, though, they are very central to the policies being [...]
Tags:
Obama Redeems Himself
March 30th, 2009 · No Comments · Bailout, Banks, Bonds, Corporate Power, Credit Default Swaps, Debt, Federal Reserve, Financial, Interest rates, Obama, Policy, Restructuring, Treasury, Video, Wall Street
In a recent post on the latest bank bailout plan, I took President Obama to task for not using the opportunity afforded by the dire financial straits of the banks to reduce their political and economic influence. I said,
[I hoped that] Obama would bring a fresh perspective to managing our economy, one that would [...]
Tags:
Wall Street Wins, We Lose, Obama Fails!
March 25th, 2009 · 10 Comments · Bailout, Banks, Bonds, Corporate Power, Debt, Default, Economics, Federal Reserve, Financial, Nationalization, Obama, Policy, Stock Market, Wall Street
The Plan
By now, almost everyone must know that in the last week the Federal Reserve and the Obama Administration fired coordinated bombshells at the financial crisis.
First, last Thursday the Federal Reserve announced major increases in asset purchase programs, adding $1.150 trillion to the total. The total included purchase of up to $300 billion of long-term [...]
Tags:
Galbraith: Another Call To Let Big Banks Fail
March 20th, 2009 · No Comments · Bailout, Banks, Bonds, Debt, Default, Economics, Federal Reserve, Financial, Nationalization, Policy, Wall Street
It continues to amaze and perplex me that President Obama has not listened to the chorus of informed commentators outside (and even inside) of Wall Street who make a compelling case for letting the big financial institutions fail. At a time where Federal funds are being overtaxed from all sides, it makes absolutely no sense [...]
Tags:
Hedge Funds Betting on Housing Collapse May Get AIG Cash
March 18th, 2009 · No Comments · Bailout, Banks, Bonds, Credit Default Swaps, Debt, Default, Economics, Federal Reserve, Financial, Global Economy, Housing, Interest rates, Mortgages, Policy, Regulation, Stock Market
The Wall Street Journal has an article that describes in some detail how hedge funds and Goldman Sachs bet on the collapse in the US housing market using hundreds of billions of dollars of credit default swaps, swaps that eventually were bought by AIG for pennies per year. In the event, when the housing market [...]
Tags: