“New Normal” Means Central Banks Won’t Soon Exit
Good Evening: U.S. stocks rose for a third straight session, recouping almost all of last week’s losses in the process. That these...
Coming Soon: Interest-Only Mortgage Defaults
Its amazing what passes for “news” in some places: There is an interesting albeit well-trod discussion in Wednesday’s...
Consumer Credit Falling Fast
> Aside from what Bloomberg reported (below, bold/italics mine), the year-on-year change in consumer credit outstanding has been...
89 Bank Closures in 2009
> click for ginormous chart > Source: Bank closures hit 89 for 2009 Charlie Carter Financial Services Technology, 09/09/07...
Ron Paul: End the Fed
Ron Paul has a new book coming out later this month: End the Fed. > > As you might have surmised, he is not very pro-Central...
July Consumer Credit
July Consumer Credit fell a much bigger than expected $21.6b vs the consensus of a drop of $4b to a total of $2.47t outstanding. June was...
New Week, New Links
A long over due linkfest of unusual, overlooked and provocative pieces: • 86% of all mortgages are taxpayer backed in some form or...
3 year note auction/where are the risk takers?
The 3 year note auction was solid as the yield was a touch more than 1 bps lower than where it was trading in the when issued market and...
$/gold/TIPs/conventional treasuries
In response to the move lower in the US$ and move higher in gold and other commodities, the implied inflation rate in the 5 yr TIPS has...
Annotated Silver
With everyone so caught up in Gold’s rise, let’s take a look at another precious metal: Silver: > click for ginormous...