Insights

 

Economic Outlook
January 25, 2011 Posted by
Unfortunately, whistling past the graveyard has become "situation normal" for many government agencies, but the Fed is not likely to be considered one of them.
Read More
0 Comments | Join the Discussion

Economic Outlook
January 18, 2011 Posted by
This nearly $3 trillion industry has provided daily liquidity and money market returns like clockwork for nearly 40 years. Then, in 2008, a fund manager loaded up on Lehman paper garnering some extra yield in hopes the Fed would provide a rescue.
Read More
0 Comments | Join the Discussion

Economic Outlook
January 11, 2011 Posted by
The Federal Housing Finance Agency (FHFA) which oversees Fannie and Freddie, extended portfolio caps for the twins going forward last month. Specifically, they initially capped ownership of mortgages at $900 billion each in December 2009...
Read More
0 Comments | Join the Discussion

Economic Outlook
January 04, 2011 Posted by
The Brazen Dozen is a list of twelve events that we believe have a 40 percent probability of occurring in 2011. These events skirt the outposts of probability.
Read More
0 Comments | Join the Discussion

Quarterly Economic Report
January 03, 2011 Posted by
Fall always seems to be an eventful season for the markets. Although the fourth quarter did not see outsized drama in market prices, many changes occurred that will affect market prices in quarters to come.
Read More
0 Comments | Join the Discussion

Economic Outlook
December 21, 2010 Posted by
Perhaps we can boil this down to a short maxim: Sometimes it's better to stop, wait, look and listen. Or, better put: Don't just do something, stand there! This is the course the Fed seems to be taking and I, for one, am applauding.
Read More
0 Comments | Join the Discussion

Economic Outlook
December 14, 2010 Posted by
When bond markets move like this there is always a scramble to identify exactly why. Sometimes it can be obvious, like when yields begin to run just after an employment figure is released. But this time, it was less than obvious.
Read More
0 Comments | Join the Discussion

Economic Outlook
December 08, 2010 Posted by
Last Wednesday brought a wonderful data dump by the Fed as they complied with a congressional order to release the recipients of TARP funds. The website ProPublica provides a list of the recipients of these funds as well as the funds provided to Fannie and Freddie.
Read More
0 Comments | Join the Discussion