bonds

I support what Yanis Varoufakis is trying to do in Greece. I see him as someone who is trying to change the debate in Europe from a narrow one about fiscal rectitude that brings out all sorts of nationalistic prejudices to a wider debate…

Tiger 5 - Grexit is inevitable

Bill Gross and David Rosenberg are two smart investors who represent the dichotomy in markets right now. Rosenberg doesn't see the Fed hiking rates until 2016, while Bill Gross points to June (link here). Which side of this debate you take…

Yesterday, I ended my analysis writing that, “there is enough flexibility in this deal that both sides can declare victory”, and that “from a market perspective, I expect risk-on mood to re-assert itself now. And with the tailwind of lower…

On Friday, the US jobs data showed that the US real economy is weathering the oil price decline very well as oil sector jobs account for little in the overall economy. Despite the capital expenditure effect on future growth, the US economy…

This post will be a brief revisiting of three recent topics - Greece, oil capex, and Anglo-Saxon bond yields - due to recent news. The recent news reinforces my position regarding the potential for a deal in Greece. On capex reduction, the…

The Reserve Bank of New Zealand is now signalling rate cuts are possible, coming out of its last policy meeting. Its 10-yr bonds have the highest yield of all developed economy major Central Banks. Meanwhile the US Federal Reserve’s last…

This is going to be a brief post on another of my potential ten surprises for 2015. The thesis here is that, with two year rates at 0.52%, all we need to invert the yield curve is a 50 basis point hike. While there is considerable…

Yanis Varoufakis had a long interview on RT’s Boom Bust yesterday going into detail behind his political candidacy and what he expects SYRIZA to do regarding the unsustainable debt burden that the Greek government now has. Overall, despite…

Two topics are dominating the news of late: the decline in energy prices and the upheaval in Greek sovereign debt due to the upcoming general election. On the first issue, I have been generally positive about the economic impact because…