Since 2005, student loan debt has grown at an astronomical rate.... Read More
People under 30 hold a relatively small amount of debt compared to other age groups. Student loans make up the largest portion of their debt.... Read More
Since the housing crash, mortgage originators have lent far less money to people with the riskiest credit scores.... Read More
Household debt broken down by delinquency status.... Read More
A look at spot and inflation-adjusted gold prices since 1901... Read More
A study of market performance under various inflation and deflation scenarios since 1801... Read More
A replay of our February 14, 2019 conference call. ... Read More
Economists see growth and more inflation. The market sees a slowdown and tightening liquidity.... Read More
Despite $16 billion in passive ETF outflows in January, active managers should not be declaring victory just yet.... Read More
With a combined $134 billion in net sales, December saw record outflows from mutual funds and ETFs, surpassing those seen in October 2008.... Read More
Selected charts and excerpts from our research over the past week.... Read More
Ahead of the March 2 deadline, the media continues to hyperventilate about the trade war. The vast majority of S&P 500 companies do not share the same level of concern.... Read More
A look at federal debt to GDP since 1791... Read More
Jim Bianco commented on sentiment surveys in a recent conference call, pointing out they are often little more than a reflection of the stock market.... Read More
Join us for our conference call on Friday, January 25, 2019.... Read More
Price and volume between investment grade and high yield are diverging in ways not seen in years. This represents a risk for high yield moreso than investment grade.... Read More
Our top posts from the week of January 14, 2019. ... Read More
Despite a rally in most fixed income assets in Q4 2018, FICC trading at many of the major U.S. banks suffered. Could a persistent bearishness on bonds have led to these results?... Read More
We continue to see a regime shift in the relationship between stocks and bonds.... Read More
