august 9 2007

Eurodollar University: With Each Passing Year, August 9 Becomes More Not Less Important

By |2019-08-09T17:31:09-04:00August 9th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The anniversary actually seems more poignant with each passing year. You would think it would be easy to get used to it, or at least become numb and normalized for the deep inflection it had represented. But the more everything stays the same the closer you are pulled to going back in time and rethinking [...]

What Kind Of Risks/Mess Are We Looking At?

By |2019-06-03T18:08:37-04:00June 3rd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The fact that the mainstream isn’t taking this all very seriously isn’t anything new. But how serious are things really? That’s pretty much the only question anyone should be asking. What are the curves telling us about what’s now just over the horizon? I hesitate to use 2008 comparisons too often because many people immediately [...]

The Politics of Spreading Inversion(s)

By |2019-01-03T18:00:38-05:00January 3rd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Clothed in immense self-denial, hung up on absurd self-confidence, Federal Reserve officials gathered on August 7, 2007, to discuss how things really weren’t as bad as everyone seemed to think. There were several key conversations taking place at the FOMC meeting held then all leading nowhere. Policymakers would literally laugh off obvious distress in crucial [...]