Inflation is Always and Everywhere an Interest-Rate Phenomenon
Credit Risk Spillover Between Financials and Sovereigns in the Euro Area During 2007-2015 by ritholtz1
Is the Fed’s Balance Sheet Too Small?
LCR: Is the Fed’s Balance Sheet Too Small? David R Kotok Cumberland, June 9, 2016 “The idea that there are no excess...
Inside the ECB Asset Purchase Programme
Generally referred to as quantitative easing, or QE, the APP is one of the non-standard monetary policy measures the ECB has taken to...
Yield vs. Duration, 2000 vs 2016
Very interesting graphic via BlackRock looking at the changes over the past 15 or so years . . . Source: BlackRock
Negative Interest Rates: A Tax in Sheep’s Clothing
Negative Interest Rates: A Tax in Sheep’s Clothing Christopher J. Waller, Director of Research, St. Louis Fed On the Economy,...
What the Presidential Candidates Mean for Bonds
Earlier this week, we discussed what the next president might mean for your portfolio. Today, I want to look at what the two candidates...
Puerto Rico, Illinois, New Jersey: the downward spiral continues
It has been almost a year since our book Adventures in Muniland was released, during the week before Puerto Rico defaulted for the first...
10-year Government Bond Yields Around the World
Nothing like a map to give you a global perspective on where interest rates are on a country by country basis: Source: Bloomberg
States and Muni Finance
States and Muni Finance April 5, 2016 David R. Kotok Chairman and Chief Investment Officer “From a credit perspective,...
Happiness and Home Prices
Looking at the countries at the top of the latest world happiness rankings you wonder if happiness is driven by negative interest rates...