Today's topics include the politics of the repo market, the latest on the trade war, the yield curve, the effect of Trump's tweets on fed funds, European banks, Chinese stagflation, public vs. private equity, Lagarde takes over the ECB and U.S. vs. world stocks.
Despite the rise in rates over the past month or two, only 7% of global sovereign debt yields more than 2%.
An update on the candidates' odds as they turn their attention to the Iowa caucus
The latest on impeachment and Trump's approval rating
Select charts from our recent posts
A look at government spending as a percentage of GDP since 1791
Powell's inflation comments put a ceiling on the funds rate. Also, the FOMC statements continue to get shorter and easier to understand. According to the Flesch-Kincaid grade-level test, readers don't even need a high school diploma to understand yesterday's statement.
Monthly fund flows through September 30, 2019
Today's topics include the latest hurdles in a trade deal, tracking FOMC dissents, the unintended consequences of the Fed's repo intervention, the ECB's tiering system, negative rates falling out of favor at the ECB, diversifying away from the dollar, Brexit in name only, a look at the U.S. consumer and CCC-rated debt.
Yesterday Jim was on CNBC's Fast Money discussing the upcoming FOMC meeting. He made the case that high relative rates in the U.S. are acting as a drag on the economy and that the Fed should pay more attention to rates around the world.