asset price momentum

Memories of 2a7 Fade, But Commercial Paper Remains Relevant Anyway

By Jeffrey P. Snider|2017-01-20T18:22:17-05:00January 20th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If you are an enterprising financial firm with spare cash toward the end of the business day, you have several options for it. Primary among them is the Fed’s Reverse Repo (RRP) desk which will pay you 50 bps interest with your cash secured by both the reputation of the Federal Reserve as well as UST collateral. Given that option, [...]

Home Sales Not Enough For Prices And Inventory?

Price momentum is usually the key factor in any asset bubble, as it takes sustained ascent to draw in more and more participants. If price acceleration begins to falter, the discussion and bemusement (for some) about who might end up the Greater Fool becomes paramount. But that is not a straight-line process either, nor is it with price momentum. In [...]

Stay In Touch

Contact