One of my colleagues in Washington testified in Congress that the way to finance Fannie Mae and Freddie Mac was for them to issue Contingent Convertible (CoCo) bonds.
As Bruce Willis said in the film Die Hard, “Welcome to the party, pal!
I shake my head when sites like Business Insider says things like “The October jobs reports was so good that…
We’ve come a long way, baby. Or not.
It is Jobs Friday once again! The last one before the upcoming coronation election. The Good News? 161,000 jobs were added in October. The bad news?
I admit, I was bummed when my beloved Cleveland Indians lost to the Chicago Cubs in extra innings in the 7th and final game of the World Series. The Curse of the Billy Goat has been lifted in Chicago, but the Curse of Rocky Colavito remains in Cleveland. But speaking of curses, US Nonfarm Business Sector […]
Zillow reports that all-cash home purchases account for over 50% of the purchases in Miami, Florida.
Like the movie “The NeverEnding Story,” the US seems mired in a NeverEnding recession.
It was another bad report for small firms and the goods-producing sector.
The US Treasury 10Y-2Y yield curve slope has been generally falling … until recently. After hitting 75 basis points on August 29th, it has been generally rising to 99 as of today. In the longer term, we are near to the pre-recession swan dive point that we have seen before previous recessions. Wonder if the […]