Newsclips
Detailing Relative Rates
September 9, 2019
Both the yield curve and the relative position of U.S. interest rates to those across the world are pointing to economic stress ahead.
Both the yield curve and the relative position of U.S. interest rates to those across the world are pointing to economic stress ahead.
Today's topics include banks' struggles, inflation targeting, negative-yielding junk bonds, yields vs. returns, global debt, an update on negative-yielding debt, pension obligations, calls for fiscal stimulus, ECB expectations, foreign direct investment, China's real economic figures, gold holdings, earnings expectations and a Nobel laureate attends Burning Man.
Jim was on Bloomberg TV discussing negative interest rates.
This month's payroll release missed on several fronts, but private sector earnings growth may offer a small silver lining.
Today's topics include the cost of trade uncertainty, markets may be overly optimistic on the trade war, China cuts its reserve requirements, precious metals in a world of negative-yielding debt, the case for ECB helicopter money, Powell set to speak today, Berkshire's latest bond issue, recession fears, pension funding and bitcoin as a safe haven.
Today the Wall Street Journal posted a story indicating the Fed will likely only cut rates by 25 basis points at the September meeting. This is not enough to un-invert the curve and will likely disappoint the markets.
Today's topics include trade talks, the Fed's Beige Book, the damage being done by negative rates, the Fed's countercyclical capital tool, more global rate cuts expected in 2019, a preview of tomorrow's payroll report, the political need for Fed independence and Gary Shilling's call for lower rates.
Worldwide PMI indices paint a worrisome picture about manufacturing.
A look at real yields across the globe