term premiums

Denying The Curve? Show Your Work

By |2019-08-16T17:14:56-04:00August 16th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

One of the primary reasons Economists go unchallenged is because they’ve made the subject matter dense and complex. Needlessly so, in many cases. Anyone in the financial media or the public who wishes to challenge Jay Powell (well, maybe not Powell) on any economic concept is as likely to get a lecture on regressions and [...]

The (Fake) Recovery Behind Record Low Bund Yields

By |2019-06-07T16:09:13-04:00June 7th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

No Federal Reserve Chairman under its current configuration can say QE didn’t work. Those words will never pass the lips of whoever it may be occupying that position. The world’s bond markets, however, are trying very hard to make this resistance as uncomfortable as possible. The one thing central bankers here along with everywhere else [...]