The U.S. has the highest interest rates in the developed world. We review several metrics we have shown in the past, while adding several more to show how unusual this is.... Read More
Jim Bianco joined Jim Grant last week to talk about the latest in the funding markets.... Read More
Daily repo injections, even on a temporary basis, risk retarding the credit process. Alternatively, the Fed could permanently expand its balance sheet and push for reduced regulations.... Read More
A look at foreign net sales and purchases of U.S. Treasuries, agencies, corporates and equities through July... Read More
When it comes to ultra-long debt securities, the U.S. government should ignore the warnings from Wall Street. ... Read More
Jim recently appeared on Cheddar TV to discuss a wide range of market-related topics.... Read More
Highlights from the most recent CoT report... Read More
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.... Read More
Both the yield curve and the relative position of U.S. interest rates to those across the world are pointing to economic stress ahead.... Read More
Highlights from the most recent CoT report... Read More
Jim was on Bloomberg TV discussing negative interest rates.... Read More
We have always warned against placing too much emphasis on seasonal adages such as, "Sell in May and go away." However, the month of September tends to be a quirky month for many assets on a seasonal basis and is worth examination.... Read More
We don't see the flood of foreign money that Boston Fed President Eric Rosengren cites.... Read More
As long as the ECB drives its rates deeper into negative territory, it forces U.S. rates lower. ... Read More
Highlights from the most recent CoT report... Read More
Detailing our current thoughts on the markets and economy... Read More
For the first time ever, the fed funds rate is the highest rate in the developed world. The Fed has some explaining to do.... Read More
Based on recent moves in S&P futures and fed funds futures, we assess how far stocks might need to fall before fed funds begin pricing in a 50 basis point cut at the September meeting.... Read More
Jim was on Bloomberg yesterday making the case for a continued rally in long bonds. ... Read More