What Worries Bill Gross . . .
Pimco’s Bill Gross is nervous: 1) The current rather mild U.S. recovery has been driven by asset appreciation/consumption and not...
Fed Minutes
The Fed announced their plans today to “only invert the Yield Curve somewhat,” rather than the deeper and more extensive inversions...
A World of (mostly) Flattening Yield Curves
Lately, we’ve been discussing the Yield Curve, its flattening and inversion and how its different this time (not). This has...
2 Studies on the Flattening Yield Curve
A reader asked about prior studies on a flattening or inverting yield curve, wondering "what have they concluded?" Quite...
Explaining Yield Curve Inversions
The Yield Curve briefly inverted — twice — Monday. As we noted yesterday, the deeper and longer a curve remains inverted, the...
Inverted Yield Curve: Its different this time (not)
The yield curve, as measured by the ratio between the 10 and 2 year treasuries, is merely a few ticks away from inverting. This is...
The “greatest irony” is that he is called the Maestro
PIMCO’s Paul McCulley lays out a surprisingly stark bitchslapping smackdown on Easy Al Greenspan. First, he quotes the Maestro:...
Ramifications of Eliminating the Mortgage Tax Deduction
What are the economic ramifications of the Mortgage deduction being eliminated? How likely is it that such a significant tax change is...
Housing Starts Soften; Builder’s Bear Market?
signs were appearing that Housing was cooling back in August. More recently, there was also a comprehensive front page WSJ article on the...
Corp Bonds 1830-2005
My colleague Charles Nenner has been painstakingly analyzing data, some of which goes back hundreds of years. (I will make these...