Markets
Coronavirus … What Panic?
February 8, 2020
Using cable news coverage as a gauge of concern/interest, we find little to no panic with the public over the virus. This suggests that little financial market downside has been discounted.
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Markets
Coronavirus Charts for January 16, 2020 (Day 16)
January 31, 2020
Below is our collection of coronavirus charts updated through Day 16 of reporting, January 31, 2020. First An Observation – A Hard Arithmetic Limit In Virus Growth? Many news reports suggest that the Chinese are limited in their health...
Markets
China and the Global Supply Chain
January 31, 2020
Many economists are hoping for the best and assuming any economic impact from the coronavirus will be minimal. Because of the exponential growth rate of these types of outbreaks, it is nearly impossible to asses the true economic impact until the...
Markets
Coronavirus Growth Rates and Market Reactions
January 28, 2020
The growth in coronavirus infections has continued along a geometric progression for the last 12 days. While not overlooking the human tragedy, the markets have the difficult task of pricing an event that has a small chance of being devastating to...
Markets
Chicago Chapter of the CMT Association – January 23, 2020
January 24, 2020
On January 23, 2020, Jim spoke to the Chicago chapter of the CMT Association. Below is the slide deck from the speech: View PDF
Markets
“Not QE” Looks a Lot Like Y2K
December 30, 2019
The Fed insists that their repo support operations are "not QE" and therefore are not influencing financial markets. 20 years ago the Fed did something similar and it seemed to have a profound effect on financial markets.
Markets
The Recent History of Nomination Betting
December 27, 2019
Summary With the election still roughly a year away, there is plenty of time for candidates’ odds to shift. In fact, a look at recent history shows only two candidates who led at this point in the process in previous elections actually won the...
Markets
What Is the Fed’s Plan to Get the Repo Market Back to Normal?
December 9, 2019
The Fed should be mapping out a plan to return the repo market to normal. Instead, their support of the market could reach $500B by year-end. Repo is too important to leave in this state for much longer.
Markets
FIASI New York City
December 6, 2019
On December 5, 2019, Jim spoke to the Fixed Income Analysts' Society of New York City.
Markets
FIASI New York City
December 6, 2019
On December 5, 2019, Jim spoke to the Fixed Income Analysts' Society of New York City.
Markets
The Repo Market Is Under Control so Long as the Fed Controls It
November 14, 2019
In yesterday's testimony, Chairman Powell proclaimed the repo market is under control. The effective funds rate is trading even with IOER for the first time in many months. However, this is all due to the Fed's heavy involvement via repo operations...
Inside Fixed Income ETF Conference
November 13, 2019
Jim Bianco spoke to the Inside Fixed Income ETF conference in San Diego on November 13, 2019.