quantitative easing

What about running down the balance sheet — reverse QE if you will? I think this is where the Fed minutes offered some new thinking.

I think I have the answer to at least one question: why was the Fed talking to big money investors in the first place. My thoughts follow below.

If you look at the difference in yield between 2 and 10-year treasuries, the numbers in the last year are the lowest since 2008, when the US economy was in a recession.

Yesterday’s most interesting headline in the Wall Street Journal was “The World’s Most Radical Experiment in Monetary Policy Isn’t Working”. After reading it, the right questions to ask are “why isn’t the policy working?” and “what does…

The Bank of England has cut interest rates and started a quantitative easing program that includes both government and corporate bonds. This approach was enough to send the pound Sterling down to $1.31 and 10-year gilt rates to a record low…

The abrupt spike in interest rates from mid-April to mid-May is very unlikely to be the beginning of something much bigger and much more likely to be the sort of occasional panic attack that Japan has seen so many of in recent years.

Over the past couple of years, there has been a decent amount of chatter about the Fed’s not being able to ‘reload’ in order to have enough tools to deal effectively with the next cyclical trough. And while the fear of running out of runway…

One thing to keep in mind regarding both politics and shares in Europe is that upgrades to the growth outlook are coming and more should be expected. I see Germany doing particularly well given the decline in the euro. This is positive for…

Tiger 5 - Grexit is inevitable

Finally, Greece is off the table as the big topic. So I have a few topics I want to cover and am going to put them altogether below. Let’s start with the U.S.