Who’s afraid of the big bad bond market standing on its head? Not the chief of the New York Fed.
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The Dreaded Inverted Yield Curve
Tag Archives: Bonds
The ‘Illinois Is Not Puerto Rico’ Fallacy
Why is Illinois like Puerto Rico? Both have made promises they can’t, and therefore won’t, ultimately keep.
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The Bond Market’s Trump Factor
Interest rates have jumped sharply since Donald Trump won the election. What are the bond markets trying to tell us?
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Rising Rates May Help Housing (For Now)
A sharp rise in interest rates may not be bad news for housing, at least for now. It is an early step toward a normal economy.
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The Great Paradox: Why Stocks Aren’t Getting Respect
Investors have fooled themselves yet again with inconsistent assumptions, and created a “Great Paradox.”
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Ponies For Everyone
Is it wrong to promise a child a pony to get her to calm down before surgery? An anesthesiologist posed …
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A 100-Year Promise (Picture Frame Not Included)
Not long ago, I paid $25 at an antiques store to buy an old $1,000 bond that now hangs, framed, …
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Borrow My Money – Please!
In Denmark, at least one bank pays customers to take out mortgages. What once seemed impossible is becoming the new normal.
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