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Buy GBIL
$99.93
+0.0200 (+0.0200%)
At Close: Jun 03, 2026
The Fed's Policy Shift To Let Inflation Rip Higher Is Deeply Flawed
04:00am, Thursday, 10'th Sep 2020
Powell said that instead of targeting an annualized inflation rate of 2%, the institution would allow the rise in the cost of living to go above that rate for long periods.
We're Headed Toward Stagnation - Unless The Fed Reins In Its Money Printing
02:53am, Thursday, 10'th Sep 2020
The idea is to continue robust monetary pumping until the economic data points toward a strong economy.
Beloved Country. Unloved Hedge.
02:51am, Thursday, 10'th Sep 2020
In 2020 the ratio of our debt to the output of the economy (debt to GDP) is likely going to exceed 120% (and might be as high as 130%).
Will Averaging Sow Inflation?
01:41am, Thursday, 10'th Sep 2020
The Fed's control of inflation expectations appears tentative at best as inflation targeting continues to fall short of its 2% target.
2020 U.S. Election: What The Polls Could Mean For Policy And Markets
08:04am, Wednesday, 09'th Sep 2020
The ongoing COVID-19 crisis and resulting policy responses will likely make this election result more meaningful than normal.
A Cyclical Rotation In Corporate Credit
06:38am, Wednesday, 09'th Sep 2020
The sudden stop to markets induced by COVID-19 caused a substantial repricing of credit risk globally, and central banks, treasuries, and ministries of finance around the world responded unequivocally
Don't Ditch Duration
06:35am, Wednesday, 09'th Sep 2020
Duration is a measure of the interest-rate sensitivity of a bond portfolio. As interest rates fall, longer duration bond portfolios generally appreciate more.
The 1998 Correction And The Run To The Peak
06:19am, Wednesday, 09'th Sep 2020
The current bull market is by far and away one of the longest bull markets in history. Currently running 137 months and 2783 points from the March 2009 lows, it is one for the record books.
Cyclical Sector Shows Strength - Weekly Market Notes September 8, 2020
02:45am, Wednesday, 09'th Sep 2020
The stock market experienced a pullback last Thursday and Friday as many of the largest-capitalized stocks underwent an expected correction.
Changing Credit Views Amid Volatility
02:30am, Wednesday, 09'th Sep 2020
We downgrade investment grade credit to neutral and increase our overweight in high yield as we see volatility rising after a rally in risk assets.
One Scary Chart
01:29pm, Tuesday, 08'th Sep 2020
Every asset class except Inflation and US Treasury Bills is above its long-term moving average. Waiting for higher interest rates and inflation the last 20 years has been the one, true Waiting for God
More On Debt
08:32am, Tuesday, 08'th Sep 2020
The main worry I have about US debt is the possibility of a debt crisis. The event combines difficulty in rolling over debt with the lack of fiscal space to borrow massively in the next crisis.
Monthly Market Monitor - August 2020
06:58am, Tuesday, 08'th Sep 2020
I am always loath to use the term bubble because we can't know the future and today's asset prices could look perfectly reasonable with the benefit of hindsight.
The Implausibility Of The Lower Bound Escape Clause
06:30am, Tuesday, 08'th Sep 2020
Any model that suggests that the debt-to-GDP ratio can go to infinity should be rejected. The fiscal rule needs to be relaxed if there is a danger that tightening fiscal policy would result in a reduc
What I Said
12:48am, Tuesday, 08'th Sep 2020
Our correction is not over. There will be more to come, as the equity high-fliers begin their drop back to Earth.
