Insights

 

Economic Outlook
June 08, 2011 Posted by
Last week, a client asked me to describe what I thought would happen if Treasuries defaulted. Naturally and somewhat defensively, I launched into all the reasons I thought this wouldn’t happen. But that wasn’t the point of the question. The point was “what if it did?”
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Economic Outlook
May 17, 2011 Posted by
A few years ago, I was driving in San Francisco when someone ran a red light, hitting me in the driver's side. Luckily, we both were uninjured, but this had become such an epidemic throughout the city that the mayor eventually took action.
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Economic Outlook
May 09, 2011 Posted by
In the late 1500s, the first tulip bulbs came to Holland from Turkey, setting in motion events that would lead to what was perhaps the first full-fledged bubble in world history.
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Economic Outlook
May 03, 2011 Posted by
With the news last week that Standard & Poor's put the United States of America on "negative outlook" regarding its AAA rating still lingering in the air, I'm wondering why this is so important.
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Economic Outlook
April 26, 2011 Posted by
By definition, investing is a "relative" game. Like Roger Miller's creative lyric that he's only short 14 dollars from having 27 cents, is it more important that he is in the hole $13.73 or that he's down $14?
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Economic Outlook
April 19, 2011 Posted by
Treasuries maturing in 30 days have dropped from the 0.05 - 0.10 percent range to the 0.01 - 0.02 percent range. Overnight repurchase agreements (or "repo") spent last week at zero.
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Quarterly Economic Report
April 01, 2011 Posted by
No, the title to this commentary is not a typo. On March 22, the Treasury announced it would sell its mortgage holdings, plunking a cool $10 billion of the securities back into the market on a monthly basis until its entire $142 billion of holdings have been depleted. On the other side of this transaction, the Treasury will do… nothing.
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Economic Outlook
March 29, 2011 Posted by
Often when I'm asked to speak at events, I am introduced as an economist. When this occurs I do my best to correct the perception. In my view, to be considered an economist is a slur. Let me explain.
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