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September 16, 2008
Revisiting TIPS, Treasuries And Insurance Yesterday’s price action in the TIPS market confirmed once again how breakeven rates of inflation are distorted by conventional Treasuries’ insurance role.
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The Unintended Consequences Of The Fannie & Freddie Bailout
September 11, 2008
Naked Capitalism (Blog) – Yves Smith: Preferred Shared Whacked in the Wake of Freddie, Fannie BailoutThe banking system needs to raise several hundred billion dollars of equity, and preferred stock is the lowest-cost way to do that in the...
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September 8, 2008
What Is Taylor-Rule Neutrality For The Federal Funds Rate? Both the binary options market and the federal funds futures market are expecting no move at this month’s September 16, 2008 meeting. If the Federal Reserve is holding at 2.00%, does...
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September 5, 2008
Was There A Global Currency Deal? Currency movements changed dramatically at the time of the Fannie Mae – Freddie Mac backstopping. Why?
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August 29, 2008
Commitments of Traders Update/Analysis Statistics cover the CoT report for August 26, 2008. Further charts and comments include: Ten Year Treasury Note Futures: Large Speculators Start Betting On Rally Mexican Peso Futures: Large Speculators...
Commodities As An Asset Class
August 29, 2008
The Wall Street Journal – Common Myths About Commodity Investing There is a theory that has been doing the rounds that ordinary investors need to have some direct exposure to commodities like oil, copper and wheat through the futures market....
Fannie And Freddie, Will They Be Nationalized?
August 26, 2008
USERNAME: applePASSWORD: tree Due to broadcaster copyrights, the website with our video is now required to have a password (it cannot be an “open site”). When you click on the link above, you will be required to enter the username and...
Presidential Approval Ratings
August 21, 2008
Seeking Alpha (Blog) – Bush Approval Rating and Oil: Interesting CorrelationGallup.com’s most recent report on President Bush’s approval rating highlighted that it had been inching higher since the lows seen in late June. While...
Fannie & Freddie
August 20, 2008
The Wall Street Journal – Rising Cost of Debt Stokes Fears On Freddie’s Prospects Freddie Mac was forced to offer unusually rich terms to investors in a $3 billion auction of its debt, raising anew concerns about the health of the...
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August 15, 2008
U.S. Treasury’s International Capital Statistics Update Tables and comments detailing foreign investment through June 30, 2008 with data released on August 15, 2008. This month, we also take a look at the U.S. trade deficit in relation to...
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August 12, 2008
Ethanol Economics Stabilized During Commodity Decline Ethanol distillation margins stabilized during the recent commodity price breaks, portending further food price inflation.
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August 8, 2008
Trends In U.S. Trade Weights Changing trade weights over time are functions more of relative growth than of exchange rates.