8 Big Numbers
Andrew Burkly of Brown Brothers Harriman & Co puts out a list of significant numbers each January. Its a clever way to think about...
Wonk Attack: Interest Rate Spreads & LEIs
I have previously mentioned Paul Kasriel’s work with interest rate spreads and leading economic indicators. Paul notes that if you...
Real Interest Rates Are Negative
Teresa Lo points out that a small but important factoid about what real yield: we now have Negative Interest Rates. Real...
Reccession Odds: Greenspan 50%, Merrill 100%
In an interview this morning with NPR, former Fed Chairman Alan Greenspan said that the odds of a recession are "clearly...
Federal Reserve Department of Irony
The Fed released these two announcements today: Federal Reserve and other central banks announce measures designed to address elevated...
Uh-Oh . . .
Shorter Fed Statement: Cut 1/4 point federal funds rateCut 1/4 point discount rateGrowth slowing, inflation risks remain Mr. Market...
The Fed and LIBOR
If you want a better understanding of the present conundrum the Fed faces between rates, the credit crunch, and inflation, go read...
Breaking the Business Week Cover Curse?
It’s A Low, Low, Low, Low-Rate World. No, really — it is. The yield on the 10 Year was under 4% this morning — briefly...
Producer Prices: Tame, or Not?
0.1% PPI ? Not according to the BLS year over year data: "From October 2006 to October 2007, finished goods prices advanced...
Where was the Bubble: Houses, Rates or Credit?
One of the things I have consistently pointed out was that the so-called Housing Bubble was in reality two bubbles: Credit and Interest...