That was a Friday to remember. The day was supposed to be dominated by Jay Powell’s much-anticipated talk in Jackson Hole. Investors were looking for clues on the timing and direction of the next Fed policy move. Powell’s speech ended up satisfying markets, but not the President. Trump wants a 100 bp ease, and he wants it …
(FORBES) Is Trump Right About The Fed?
No matter your political view, you have to admit President Trump is entertaining. But are his views on monetary policy and interest rates accurate? Click here to read the entire post on Forbes
(BLOG) 30-Year Rates at 2%? Really?
Well, you can’t say the markets were quiet last week. While the stock market plunge of 3% on Monday may have dominated the news, the big story for bond and credit folks like us was the dramatic drop in rates, especially the 30-year sector. There was too much going on to fit everything into the …
(Media Engagements) (PODCASTS) AlphaMind Podcast
AlphaMind is a podcast on the behavioral, mental and emotional aspects of trading and investing performance. I had the pleasure of being a recent guest. We discussed many issues related to trading, and what it takes to succeed in the long run. I hope you enjoy. http://alphamind.buzzsprout.com/288762/1497682-garth-friesen-a-list-hedge-fund-manager-shares-his-insights-on-trader-mindset
(FORBES) Want To Know Why The Stock Market Is At An All-Time High? Look At Bonds
Investing is not that complex. Investors deploy capital in search of returns. While the choices are almost infinite, most alternatives fall into two choices: you can lend money (bonds) or can you can buy something (equities). When you look at financial markets in that context, the recent strength of the stock market is not that surprising. …
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(FORBES) Cry For Me, Argentina: Why A Great Nation Keeps Jumping From One Economic Crisis to Another
Legendary steaks, world-class wine, championship polo and tango, scenic Patagonia and, of course, Lionel Messi: Argentina is blessed with the best of the best. Why does a country like Argentina continually experience one economic crisis after another? Click here to read the entire article on Forbes
(FORBES) Who Will Win The China-US Showdown Over Rare Earth Metals?
The next battle in the ongoing trade war between China and the US could be over rare earth metals: 17 elements critical to US manufacturing that are under near monopolistic control by China.
(FORBES) Politics, Productivity & Population: Why The Chinese Economy Flew and India’s Just Grew
The two countries have roughly the same population, similar average unemployment rates and current GDP growth rates that are among the highest in the world. Yet China’s economy is almost five times larger than India’s. Click here to read the entire article on Forbes
(FORBES) Who Is Crazy Enough To Buy Bonds With Negative Yields? Hopefully Your Bond Manager
In a world with $7 trillion of government bonds that yield negative interest rates, one question still puzzles investors: who in their right mind is buying them? Why don’t investors buy higher-yielding US government bonds instead? The answer lies in the understanding of the mysterious “basis swap.” Please click here to read the entire article …
(Uncategorized) Advice From Aaron Burr to Chairman Powell: Talk Less, Smile More
It’s almost as though the December stock market massacre never happened. The S&P 500 is up over 9% year-to-date, and above the level before the last fateful rate hike by the Fed. So which move was the anomaly? The downward move in December or the rebound in January? Certain developments suggest the former. Click here …
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