Conference Calls
Conference Call Replay & Transcript – Is the Fed Conducting QE?
January 23, 2020
A replay of our January 23, 2020 conference call
A replay of our January 23, 2020 conference call
Our latest Bloomberg column argues the Fed's response to the repo market's liquidity problems is not a long-term fix, but a simple tweak to the daily operations can help.
Today's topics include gauging inflation, consumer credit utilization, negative rates, the ECB's review, shadow banking, more on WTO reforms, presidential politics' effect on the economy and working for the weekend.
Roughly two weeks before the Iowa caucus kicks off primary voting season, polls are shifting in Biden's favor. Sanders still leads the betting markets.
Today's topics include the cost of negative rates, reaching for yield, gauging the health of consumers, reforming the World Trade Organization, casting doubt on the ECB's strategy review, the new kids on the bond trading block and more on a Japanese pension fund's decision to stop lending shares.
The Fed is uninverting the yield curve to change perceptions about an impending recession, adding liquidity to finance securities transactions, and signaling they are ready to make market difficulties go away. If the definition of QE is a policy that impacts financial markets, then this is indeed QE.
Q4 2019 earnings reports pick up steam this week. This comes amid slow earnings and revenue growth after great stock returns in 2019. Earnings results need to show signs that the stock market correctly discounted better results in the coming quarters.
Today's topics include stock market seasonality, considering illiquidity as a feature rather than a drawback, FAANMG's weight continues to grow, Dow 30k is within reach, stocks for the long run?, niche ETFs, international stocks, Tesla, the Baltic Dry Index continues to fall, a look at the top hedge funds and skyscrapers around the world.
Economists have been expecting higher yields for at least a couple decades.