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The Recent History of Nomination Betting
December 27, 2019
Summary With the election still roughly a year away, there is plenty of time for candidates’ odds to shift. In fact, a look at recent history shows only two candidates who led at this point in the process in previous elections actually won the nomination – Hillary Clinton in 2015 and Mitt Romney in 2011.… Continue reading The Recent History of Nomination Betting
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Quick Comments/What We’re Reading
December 26, 2019
Today's topics include a look at the 2020 FOMC voters, foreign demand for U.S. corporates, the consumer remains resilient, China warns the EU, deflating bubbles before they pop, the dogs of the Dow and the rise of intangible assets.
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Cartoons
December 26, 2019
Newsclips
The Recent History of Nomination Betting
December 24, 2019
With roughly one year to go before the election, the betting markets see Biden as the leader for the Democrat nomination. History suggests this race is far from over, however.
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Quick Comments/What We’re Reading
December 24, 2019
Today's topics include stock valuations, the problems with regulating banks, more on the repo market, stocks vs. bonds, market forecasts, miles driven in the U.S., machine learning in finance, diversification, business investment and Mnuchin's liquidity call one year ago today.
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Cartoons
December 24, 2019
Newsclips
Talking on “Real Yield”
December 23, 2019
On Friday Jim was on Bloomberg's Real Yield hosted by Jonathan Ferro. The other guests were Kathy Jones of Schwab and George Bory of Wells Fargo. The show had three segments, Yield of Dreams, CCC No Evil, Fear No Evil, and Conviction Trades for 2020.
Newsclips
Quick Comments/What We’re Reading
December 23, 2019
Today's topics include the latest on the trade war, the year all assets provided a positive return, inflation expectations, beating the index, the decade without a recession, the Fed's support of the repo market, ACH system experiences a delay, arguing the utility of negative rates and Trump's tweets.
Newsclips
Cartoons
December 23, 2019
Charts of the Week
Funding Gaps at Public and Private Pensions
December 20, 2019
Private pension funds have much smaller funding gaps than their government counterparts.
Charts of the Week
Defined Benefit Plans Continue to Shrink
December 20, 2019
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.