Assets in money market funds recently rose to $6.4 trillion. Do not expect this cash to be deployed in risk assets anytime soon.... Read More
The Fed started cutting rates under the impression they have a clear vision of where the economy is and where it is going. Conflicting data makes the risk of a policy mistake high. Stimulating an economy that might not need it could create more inflation and upset the bond market.... Read More
If the Fed cuts rates near 3%, historical yield curve spreads imply a 2-year yield near 3.60%, its current level. 10-year yields would project near 4.60%, 80 basis points higher than their current level.... Read More
The Index of Leading Economic Indicators? failure to predict the post-Covid economy should be a reminder that this is no longer the pre-Covid economy. Assuming the economy ?normalizes? to the pre-Covid economy risks policy mistakes.... Read More
A look at outstanding amounts of Treasuries, corporates, agencies, munis and open market paper... Read More
The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period.... Read More
Private pension funds typically have much smaller funding gaps than their government counterparts.... Read More
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.... Read More
Over the past couple decades, households' real estate equity and direct stock ownership have moved in lockstep.... Read More
Roughly 40% of FDIC deposits in the U.S. are uninsured.... Read More
A 25 or 50 basis point cut does not matter in and of itself. But it will be taken as a signal of how far above the neutral rate the Fed thinks they are.... Read More
Jim Bianco joins Fox Business to discuss Wednesday's FOMC Meeting and Fed Policy with Charles Payne.... Read More
For the last few decades the U.S. has been in a low interest rate environment where deficit spending would not cause major issues. A 40-year high in inflation and the higher rates that followed are stressing the country's finances.... Read More
Several liquidity charts worth watching as the Fed's reverse repo facility continues to be drained... Read More
Jim Bianco joins Bloomberg to discuss Bullishness in the Bond Market, Measuring the Labor Market/Economy, New Inflation Rate with Jonathan Ferro, Lisa Abramowicz & Annmarie Hordern.... Read More
Jim Bianco joins Fox Business to discuss tomorrow's Payrolls Report, and what to expect from the Fed and the Market with Charles Payne.... Read More
