Topics Covered This Week Include:
- Are Rates Rising For The Wrong Reasons?
- More on Inflation Expectations
- Muni Update
- Capital Gains And The Deficit
- Hedge Fund Returns 1998 – Current
- A Few More Interesting Charts On Hedge Funds
- ETF Assets Update
- European Borrowing Costs Threaten Lower Equity Returns
- European Short-Term Rates In Bearish Steepening
- PIIGS
- Hedging Non-EMU Bonds: The Euro Remains Preferred
- Comments On Gold And Gold-Linked Equities
- Rising Gold Still Relatively Neutral For U.S. Equities
- Eurodollar Futures: Commercials Cover Short Positions
Long Term Outlook
- Total Receipts (Taxes) To GNP/GDP
