Tag Archives: Operation Twist

Like Taking Candy From a Baby

you might recall on Saturday June 2 following the horrible NFP number that saw a 32 point drop (-2.4%) on the S&P 500 and a bond market spike to 1.45% all-time low yield, we tried to keep everything in perspective … Continue reading

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John Taylor: just do the math

similar to what we’ve been saying… From his Blog Economics One Friday, June 8, 2012 Fed Bought 77% of Federal Debt Increase in 2011: The Data Source During an interview on CNBC Squawk Box this morning and in my Wall … Continue reading

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The Definition of Insanity

After Friday’s disastrous employment report the markets continued the trend we had been monitoring since March in what looked to be a climax type of move with treasuries making new all time highs, closing both the 10YR and 30YR at … Continue reading

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Upside Down Monetary Policy

we think one of the more interesting aspects of monetary policy is that conventional wisdom thinks the Fed controls interest rates and stimulates lending but depending on how you look at it, the bond market and banking system are often … Continue reading

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Stock v Flow – Bernanke v Gross

on Monday we addressed the Stock v Flow debate and posited that while the Fed believes its the stock that matters, what really matters is what the market believes. Monday we stated: Ultimately it doesn’t matter what the Fed believes … Continue reading

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Risk in Risk-Free

while the $AAPL love fest is going on after hours and the $SP_F is higher looking to trap shorts tomorrow morning we think investors need to be aware of the potential risk in the $TY_F contract especially in light of … Continue reading

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Stock v Flow – What Does the Market Believe?

this morning we read an Bloomberg article discussing comments made by Fed Vice Chair Janet Yellen in relation to the end of Operation Twist.  She said that when the program ends in June it will not amount to tightening policy … Continue reading

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