bonds

Unappreciated by many is the fact that the Italian economy has seen the largest contraction (7%) since the crisis began within the euro zone after Greece. Per capita income is back, according to former ECB's Bini Smaghi, to where it was in…

The financial crisis has reduced the ranks of countries with pristine macro fundamentals. Thus, the availability of safe assets has declined precipitously. Investors in a bind where they have funds to invest but a limited number of options,…

The key to Spain's turning the corner as 2013 begins is the housing market. This takes on increasing importance given the reprieve in crisis interest rates. House prices are still falling and the economy is contracting despite the…

How did stock prices more than double since investors have dumped stocks and bought bonds? A second question: what might we expect of stock market returns if investors stop taking money out of the market and put it in - 40% a year?

This morning, the Spanish government initiated its bond auction process this year. The auctions were a success with the yield on 10-year government bonds falling to 4.95%, below 5% for the first time since March 2012.

In yesterday's links, I pointed to two links showing that Ireland had regained bond market access. Here is more evidence that Ireland is regaining bond market access.

I just wanted to follow up on Randy Wray's last post to look at this Trillion Dollar Coin idea from an investing perspective. I believe the coin would be bullish for Treasuries because it lowers average Treasury duration and alters private…

The Platinum coin has been all over the blogosphere as well as the media. Some have been arguing it will cause hyperinflation. How can issuing a coin to be held at the Fed to allow the Treasury to spend up to budgeted amount lead to…

Spain had an estimated 350 billion euros of debt that it needed to roll over in the three years from 2011 according to analysts at Brockhouse Capital. Add in the likely need to fund regional government deficits and rollovers as well as the…

As the New Year begins, there are four events that are creating significant headwinds for the US economy. There has been a lot of talk about the fiscal cliff in the press but behind this is the debate over the US debt ceiling, which will be…