| |
Unconventional policy tools in the future
|
Excerpt
Opening Remarks at the 2019 BOJ IMES Conference Hosted by the Institute for Monetary and Economic Studies, Bank of Japan, May 29, 2019 , Haruhiko Kuroda
|
Public and Private Currency Competition
|
Excerpt
Federal Reserve Bank of St. Louis, July 19, 2019 , James Bullard
|
The "Bruxit"
|
Quote
Le Peuple contre Bruxelles, Planetes360, March 13, 2019 , Charles Gave
|
Inverted Yield Curve (Nearly Always) Signals Tight Monetary Policy, Rising Unemployment,
|
Excerpt
Federal Reserve Bank of Dallas, February 12, 2019 , Evan F. Koenig and Keith R. Phillips
|
Mind over matter: How we react to an inverted yield curve is more important than the inversion itself
|
Determining whether an inverted yield curve signals a US or global recession continues to focus the minds of investors in 2019. Mark Robertson explains why our actions will matter more in determining whether a recession is on the horizon than what can be a misleading indicator.
Aviva Investors, 30 September 2019 , Mark Robertson
|
Financial Follies: Fiscal Stimulus and Modern Monetary Theory in the Era of Quantitative Easing and Zero or Negative Interest Rates
|
"Conventional economic wisdom is that monetary policy has done the heavy lifting in terms of reviving economic growth. Now that policy rates are low or negative and balance sheets have expanded, all we need is some fiscal stimulus to keep an economy from turning down into recession."
Brandywine Global, Around the Curve, October 7 2019 , Gerhardt (Gary) P. Herbert, CFA
|
Four Centuries of Stocks and Bonds in Retrospect
|
Financial markets have evolved over time. The relationship between stocks and bonds differed in each of the eras that Global Financial Data has designated in the past: Mercantilism (1602-1800), Free Trade (1800-1914), Regulation (1914-1981) and Globalization (1981-).
Global Financial Data, Aug 14 2019 , Dr. Brian Taylor
|
10 Year Treasury Yields at Zero, and Why Fiscal Stimulus and Modern Monetary Theory are Financial Follies
|
Those of us of a certain age can remember watching Saturday afternoon black and white reruns of Laurel and Hardy films. Invariably, after a series of laughable misunderstandings and comic mistakes Hardy would lament to sidekick Laurel, “Well, here’s another nice mess you’ve gotten me into!” Well, today’s Federal Reserve (Fed) reminds me of the well-meaning, but often bumbling Laurel, while pompous and stubborn Hardy is today’s bond market.
Brandywine Global, Around the Curve, September 30 2019 , Gerhardt (Gary) P. Herbert, CFA
|
Swiss Equity Market and Interest Rates since 2009
|
Hinder Asset Management, Newsletter No 67, August 2019
|
A living artifact from the Dutch Golden Age:
|
Yale’s 367-year-old water bond still pays interest
Yale News, September 22, 2015 , Mike Cummings
|
