Today's topics include dissent at the ECB, further concessions in the trade war, the BoJ investigates more stimulus, a look at how many more cuts are in the Fed's future, central bank independence, negative rates in the U.S., Japan's reach for yield, Europe's single market, the deficit hits $1 trillion, revisiting the idea of a 50-year Treasury, 100-year muni bonds and the idea of words starting a recession.
A replay of our September 12, 2019 conference call
When markets make jarring moves, like the rotation away from momentum stocks or to value from growth, the instinct is to ask who was hurt. But in this case, it is likely saving many active value managers' years.
The third Democrat debate is tonight. The polls suggest Biden is in the lead, while betting markets put Warren at the top.
Today's topics include the ECB's big day, Kocherlakota rewrites Dudley's op-ed, good news on the trade front, the case against more rate cuts, Turkey cuts rates more than expected, indexing capital gains to inflation, using derivatives to profit from negative rates, active vs. passive funds and the effect of a financial system on an economy.
Central bankers talk about the limits of monetary policy, but the ECB has not acted in a way that indicates their effectiveness is in question. Instead of acting again tomorrow, they should recognize their limits and not move.
Today's topics include momentum trading taking another hit, the latest in the trade war, gauging the effect of the ECB's extraordinary measures, the plan to privatize the GSEs, speculators' bets against natural gas and Jamie Dimon's change of heart on yields.
Today's topics include the pushback on ECB stimulus, CIOs' opinions on negative rates, more on banks' struggles, growth vs. value and the momentum play, investing in Vietnam, China removes QFII limits and bond returns in 2019.