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May 26, 2023
Before March 10, 2023, these kinds of moves had been exceptionally rare. In eurodollar futures and now SOFR futures (term), daily swings of greater than 20 bps were reserved for the...
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May 19, 2023
Several serious questions remain yet to be answered in the aftermath of recent bank failures. While politicians wrestle over who might be to blame, they’ll never come up with a...
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May 5, 2023
Just a few months ago, Mohamed El-Erian was decrying a “paradox of financial conditions” as he called them. Writing in the Financial Times, El-Erian was speaking for...
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Apr 28, 2023
It has not been a great week for central bankers, which is already saying something. By standards of recent developments, so long as a seven-day period goes by without major banking...
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Apr 21, 2023
In the months before the debt ceiling was reached and possibly breached in 2011, global markets just could not get enough of Treasury’s bills. Not the ones the Department might...
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Apr 14, 2023
The other side of the supply shock was always going to be rough. Our only question was just how bad it might get. On that there were two variables, neither of those inflation. From...
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Mar 31, 2023
It’s such an amazing scene from a true cult classic that it hasn’t just become an internet meme, the very image of the Bobs grilling sweaty, fear-ridden Tom Smykowski...
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Mar 17, 2023
Can’t say we weren’t warned. Money and bond curves have been screaming for months trouble was lurking. A decent bout of it had erupted last fall, though hardly anyone saw...
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Mar 10, 2023
Have you ever noticed that whenever the US dollar’s exchange value goes up, nothing good comes from it? The simplest, most obvious correlation to make yet it has taken a decade...
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Mar 3, 2023
I’m inclined to cut Treasury Secretary Janet Yellen a tiny little slack here, pun intended. Rather miffed by all this talk of recession, appearing on ABC’s Good...
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Feb 24, 2023
It was a sudden and epic flood of oil the likes of which the country hadn’t seen before. According to the government’s numbers, the Energy Information Administration,...
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Feb 17, 2023
They come in with a tremendous bang, then go out with barely a whimper, and leave us in the very same jam that kicked off the cycle. Having since completely squandered rather than...
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Feb 10, 2023
If you’ve been on the website nerdwallet.com, there truly is a lot of good and interesting stuff there. From helping you compare credit card offers to researching banks...
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Feb 3, 2023
Here it begins, an unofficial start to what will shortly be the mass official exodus from inflation-fighting first transiting through bewilderment before eventually settling in their...
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Jan 27, 2023
Among the earliest participants in the eurodollar system were Canadians. Though these dollars were floating around Europe, primarily, Canadian banks stood ready to borrow in bulk as...
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Jan 20, 2023
When staring directly at the edge of a cliff, you quite naturally begin to explore all the ways in which you might avoid going over it. The closer you get, obviously the more urgent...
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Jan 13, 2023
It seems like an unnecessarily inefficient method, maybe even a total waste (pun intended) of time trying to discern what an animal eats solely by observing what comes out...
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Jan 6, 2023
Just as the Federal Reserve is not a central bank, VISA is not actually a credit card company. What is it about money and payments which leads to so many of these things...
May 26, 2023Before March 10, 2023, these kinds of moves had been exceptionally rare. In eurodollar futures and now SOFR futures (term), daily swings of greater than 20 bps were reserved for the...
May 19, 2023Several serious questions remain yet to be answered in the aftermath of recent bank failures. While politicians wrestle over who might be to blame, they’ll never come up with a...
May 5, 2023Just a few months ago, Mohamed El-Erian was decrying a “paradox of financial conditions” as he called them. Writing in the Financial Times, El-Erian was speaking for...
Apr 28, 2023It has not been a great week for central bankers, which is already saying something. By standards of recent developments, so long as a seven-day period goes by without major banking...
Apr 21, 2023In the months before the debt ceiling was reached and possibly breached in 2011, global markets just could not get enough of Treasury’s bills. Not the ones the Department might...
Apr 14, 2023The other side of the supply shock was always going to be rough. Our only question was just how bad it might get. On that there were two variables, neither of those inflation. From...
Mar 17, 2023Can’t say we weren’t warned. Money and bond curves have been screaming for months trouble was lurking. A decent bout of it had erupted last fall, though hardly anyone saw...
Mar 10, 2023Have you ever noticed that whenever the US dollar’s exchange value goes up, nothing good comes from it? The simplest, most obvious correlation to make yet it has taken a decade...
Mar 3, 2023I’m inclined to cut Treasury Secretary Janet Yellen a tiny little slack here, pun intended. Rather miffed by all this talk of recession, appearing on ABC’s Good...
Feb 24, 2023It was a sudden and epic flood of oil the likes of which the country hadn’t seen before. According to the government’s numbers, the Energy Information Administration,...
Feb 17, 2023They come in with a tremendous bang, then go out with barely a whimper, and leave us in the very same jam that kicked off the cycle. Having since completely squandered rather than...
Feb 10, 2023If you’ve been on the website nerdwallet.com, there truly is a lot of good and interesting stuff there. From helping you compare credit card offers to researching banks...
Feb 3, 2023Here it begins, an unofficial start to what will shortly be the mass official exodus from inflation-fighting first transiting through bewilderment before eventually settling in their...
Jan 20, 2023When staring directly at the edge of a cliff, you quite naturally begin to explore all the ways in which you might avoid going over it. The closer you get, obviously the more urgent...
Jan 13, 2023It seems like an unnecessarily inefficient method, maybe even a total waste (pun intended) of time trying to discern what an animal eats solely by observing what comes out...
Jan 6, 2023Just as the Federal Reserve is not a central bank, VISA is not actually a credit card company. What is it about money and payments which leads to so many of these things...