Today's topics include dividend-paying stocks, German stimulus, stock buybacks, tracking bond yields, the search for new monetary policy tools, more on Trump vs. the Fed, Argentina tries to prevent capital outflows, rare earth production, Ray Dalio's warnings on the bond market and the British pound.
Detailing our current thoughts on the markets and economy
Lagarde's defense of negative rates suggests they are sticking around for a while.
Today's topics include the unintended consequences of low/negative rates, Chinese capital control, David Zervos chimes in on the Fed's politicization, corporate bonds' great year, negative rate mortgages, the ECB and equity purchases, wealth distribution in the U.S., Argentina defaults once again and low gas prices.
The fed funds rate remains the highest interest rate in the developed world and the only one above 2%. The Taylor Rule suggests this should not necessarily be the case.
Today's topics include the latest on the trade war, the search for diversification, betting against beta, dollar intervention, more fallout from Dudley's op-ed, ECB officials push back on market expectations, flows into passive investing, Argentina's request to restructure its debt and revisiting the idea of ultra-long duration Treasury issuance.
Household debt in the U.S. grew to $13.86 trillion in the first quarter.
Credit limits in the U.S. have surpassed pre-crisis levels, but utilization rates remain low.
Since 2005, student loan debt has grown at an astronomical rate.