negative swap spreads

No, No, How Can It Be This Barely Qualifies As A Market Fluctuation?

The molehills get even smaller simply because there’s never any mountains. The conventional view, no surprise, is looking at this situation exactly backward and trying to impose an idea that just doesn’t fit. Upside down, if you prefer.A smooth Presidential election in the US plus the smooth transition into Jay Powell’s monetary ecstasy of inflation is going to bring on [...]

Blatant Warning, Not Casual Dismissal

By Jeffrey P. Snider|2016-01-27T11:46:48-05:00January 27th, 2016|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

For everything that has gone wrong over the past year or so, there was and is a benign interpretation to accompany each negative factor. Oil prices were “transitory”, longer run inflation expectations didn’t matter because “professional forecasters” remained steadfastly devoted, and no matter which market has gone highly askew it’s just “normal” worry. All of these nonthreatening rationalizations trace back [...]

Stay In Touch

Contact