The Federal Reserve doesn’t activley manage its interest rate exposure on its over $4 trillion balance sheet. Yet it purchases and sells Treasury Notes/Bonds and Agency Mortgage-backed Securities (AgMBS) in a measured way to impact interest rates.
(Bloomberg) Global debt rose to a record $233 trillion in the third quarter of 2017, more than $16 trillion higher from end-2016, according to an analysis by the Institute of International Finance. Private non-financial sector debt hit all-time highs in Canada, … Continue reading →
The good news? The Fed continued to unwind its $4.4 TRILLION balance sheet. The bad news? The Fed is shrinking it at sloth-like speed.
The US Treasury yield curve, an important measure for financial markets, has declined from over 100 basis points in January to 50.8 basis points this AM. TYVIX, 10Y T-Note Volatility, has fallen from over 6 to under 4 over the … Continue reading →
Are markets out of control due to The Federal Reserve keeping rates so low for so long?
You know cryptocurries are hot when the restaurant chain Hooters develops a cryptocurrency rewards progam.
Making Manufacturing Great Again? MMGA? (Bloomberg) U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Wednesday.
I am leary of a crypto-currency that has the same name as the “wine” preferred by potheads and hippies in the 60’s: Ripple. (Ripple, like Thunderbird, was a fortified wine, meaning high alcohol content).
Well, some good economic news on the US front. The New York Fed’s NOWCAST GDP forecast model has Q4 GDP at … 3.87%. The Dow Jones Industrial Average (DJIA) is up 38% since November 4, 2016 despite 4 rates increases
Zillow has a fascinating, yet troubling study. It says that rent consumes a growing share of household income in many cities, some people must relocate or find ways to offset rising prices.