Notes From Underground

• Search:

• Email Subscription

  Enter your email address to subscribe to this blog and receive notifications of new posts by email.

  Email Address

  Sign me up!

  Join 8,603 other subscribers

• Add to Your Reader

  • RSS - Posts

• Recent Posts

  • Notes From Underground: How Many `Whatever It Takes’ …
  • Notes From Underground: Is Intend a Strong Word?
  • Notes From Underground: The Lunacy of Powell’s Inner Volcker

• Blog Archives

  March 2023

  S	M	T	W	T	F	S
  			1	2	3	4
  5	6	7	8	9	10	11
  12	13	14	15	16	17	18
  19	20	21	22	23	24	25
  26	27	28	29	30	31

• Tags

  "considerable time "empty creditors" "Great Depression" '37er 2% inflation 2+2=5 2-Year Auction 2-year note 2-year notes 2-Year Treasuries 2-year Treasury Note 2-yr Treasury 2-yr yields 2/5 Yield Curve 2/10 2/10 Curve 2/10 curves 2/10 Italian yield curve 2/10 Spanish curve 2/10 spread 2/10 Treasury curve 2/10 yield curve 2/10 yield curves 3-year LTRO 3-Year Treasury 3-Year Treasury Note 3-yr LTRO 3Com 5-Star/Lega 5-year 5-Year Treasury Note 5/30 curve 5/30 Yield Curve 10 billion euros 10 Plagues 10-year 10-year bonds 10-Year Gilt 10-year Italian bond 10-year note 10-year Notes 10-year Treasuries 10-year Treasury 10-year Treasury futures 10-Year Treasury Note 10-Year Treasury Note auction 10-Year Tresury notes 10-year yield 10-year yields 10-yr note 10-yr notes 10-yr OATs 10-yr Treasury 10Y yields 30 billion euros 30-year 30-year bond 30-year bonds 30-year Treasury bond 50 basis points 60 Minutes 200-day moving average 1937 1937er 1994 2012 Presidential Election 2016 election 2016 Presidential election 2020 U.S. election ABB Abe Abe JGBs Abenomics Abrose Evans-Pritchard ABS accommodative Ackermann Adam Posen Adam Smith adjustable rate mortgage ADM ADP adverse feedback loop adverse feedback loops AfD agriculture ag stocks Agustin Carstens AI AIA AIG AKK Alan Beattie Alan Blinder Alan Bollard Alan Bullard Alan Greenspan Alan Jay Levinovitz Alcoa Alexis Tsipras algo trading Allian Meltzer Alstom Amaranth Ambrose Evans-Pritchard American Competitiveness AMLO Andrea Maechler Andrew Bailey Andrew Bosomworth Andrew Haldane Andrew Ross Sorkin Andrew Sentance Andy Stern Angela Merkel Angela Merkle Angel Merkel Anibal Cavaco Silva Animal House animal spirits Annegret Kramp-Karrenbauer Anthony Crudele anti-EU anti-Euro Antonio Borges Apocalypse Now Apollo Apple appreciation AQR Arab Spring ArcelorMittal Areva Argentina ARM resets ARMS ARMS mortgages Arnaud Montebourg Art Cashen Art Cashin Arthur Burns Asa Asher Edelman Assad asset-backed securities asset bubbles asset buying asset inflation asset mispricing asset prices asset purchase program asset purchases asset quality review AT&T/T-Mobile auctions AUD/CAD AUD/Kiwi AUD/NZD Audi Aussie Aussie/Kiwi Aussie/Kiwi cross Aussie Dollar Aussies Austan Goolsbee austerity austerity budget austerity budgets Australia Australian 2/10 Australian dollar Australian elections Austria coalition government Austrian elections Austrians auto exports auto industry average hourly earnings Axel Axel Weber AYSO backwardation backwardization bad banks Baden-Wurttemberg BAFIN Bahrain bail-in bailout bailouts bailout story balance sheet balance sheet recession balance sheet repair balance sheet runoff balance sheet unwind Bank bank earnings Bank For International Settlements banking crisis banking supervision banking union Bank of America Bank of Canada Bank of England Bank of India Bank of Israel Bank of Japan Bank of Mexico banks barbarous relic Barney Frank Barron's Barroso Basel Basel 3 Basel III BAT bazooka bear flattener bears Beige Book Belaruskali Belgium Benanke Ben Bernanke Ben Hunt Benoit Coeure Beppe Grillo Berlin Berlusconi Bernanke Bernard Connolly Bernnake Bersani BEST BHP bid Biden bids big data Bill Clinton Bill Dudley Bill Gross Bill Gross Mohamed El-Erian Bill White Billy Joel Bini-Smaghi biofuels BIS bitcoin Black Friday Blackstone blockchain Bloomberg BLS BMW Bob Dylan BOBL Bob Pisani Bob Rubin BOC BOE Boehner Boeing BOJ Bollard Bond bond auctions bond bears bond bubble bond differentials bond fund bond holders bond market bond markets bond purchases bonds bond vigilantes bond yields BONY border adjustment tax border tax adjustment Boris Johnson Bowles-Simpson BP BPT futures Brad DeLong Brady Bond Brainard Brazil Brazil agriculture Brazil Central Bank Brazilian debt Brazilian real Brazilian Sugarcane Industry Association Brazil Real Brent Bretton Woods Brexit Brian Cowen Brian Sack BRIC BRICS Britain British gilt British pound Brits Brussels Brussels. Frankfurt Brussels Agreement BTP BTP/bund futures BTP/Bund spread BTP futures BTPs bubble bubble BIS bubbles budget budget deal budget deficit budget negotiation budget proposal budget resolution bull Bullard bull flattener bull flattening bullish bulls Bullseye Brief bullshit bull steepener bull steepening Bund bund/BTP futures spread bund/btp spread Bund/Italian bund/oat spread bund/portugual Bundesbank Bundestag Bunds bund selloff Bunge Bunge Grain Bush Bush tax cuts CAC CACs CAD CAD/SWISS CAD/Yen Cadillacs Calderon Cameron Canada Canada corporate tax rate Canada employment Canada employment report Canada GDP Canada unemployment Canada unemployment report Canadian crosses Canadian Dollar Canadian elections canadian employment Canadian nonfarm payrolls Canadians Canadian unemployment can opener Cantons Capacity Utilization capex capital capital anxiety capital controls capitalism capital key capital regulation carbon tax Cargill Carlos Slim Carlyle Group Carmen Reinhart Carney carry trade Case-Shiller index Catalan election Catalonia Caterpillar CBDC CBNC CBO CDO CDOs CDS CDU CDU/CSU CDU/FDP CDU/SPD CDU German elections center-right central bank central bank balance sheets Central Bank of China central banks central bank stimulus central counter parties CERA CFIUS CFIUS-UNOCAL CFTC Chairman Powell Challenger Chancellor Merkel Charles Dallara Charles Evans Charles Plosser Charlie Munger cheap money Cheniere Energy CHF/JPY CHF Peg Chicago Chicago PMI chicken default Chile Chilean peso China China Central Bank China Construction Bank China PMI China slowdown Chinese Chinese data Chinese grain imports Chinese Investment Corp Chinese Investment Corporation Chinese solar manufacturing Chinese Yuan Christian Lindner Christian Noyer Christian Wulff Christina Romer Christine Lagard Christine Lagarde Chris Whalen Chrysler-Fiat CIA CIC CIFIUS Citi Claudia Sahm Claudio Borio Cleary Gottlieb climate change Clinton Clinton emails CME CME Group CNBC CNOOC CNY/JPY COCO CoCo bonds CoCos Cold War collateral collective action clause collective action clauses Comex Commerce Department commercial real estate Commerzbank Commodities commodity commodity currencies commodity price increase conditionality confidence vote Congress consumer consumer debt consumption tax Contingent Convertible convexity problem copper corn corn-based ethanol corn prices coronabond Coronavirus corporate balance sheets corporate credit spreads corporate debt corporate taxes cotton Council of Economic Advisers counterfactuals coup coup d'etat covid-19 covid stimulus Cowan CPE CPI CPI data CQG credibility credit credit card debt credit crisis credit default swaps credit event Credit Suisse Crimea crony capitalism crude oil crude oil/yen Cryptocurrency CSU Cubs currencies Currency currency crosses currency depreciation currency devaluation currency intervention currency manipulation currency manipulator currency manipulators currency peg currency pegs currency war currency wars current account deficits curve inversion curve steepening cyclical Cyprus Czech Republic D-mark Daimler Damascus Daniel Tarullo Danish Central Bank Dan Rostenkowski data dependent David Blanchflower David Cameron David Marsh David Stockman Davos Davos Forum DAX Dax index Debka Debt debt-to-GDP ratios Debt/GDP ratio debt ceiling debt crisis debt instruments debt load debt markets debt overhang debt rollover debt stress debt union debt vigilantes December 8 default defense spending deficit deficits deflation deflation/inflation deflationary spiral de Gaulle de Gaullism deleveraging demand demand destruction demand shock Democratic Party democrats Dennis Gartman Department of Agriculture deposit rate depression Der Spiegel Deutsche Bank Deutsche Boerse Deutsche Borse Deutsche Bourse deutsche mark deutsche marks devaluation Dexia Diederik Samsom Dijsselbloem Dilma Rousseff Dimla Rousseff Discount disinflation dividend dividends DJP Dmark Dodd-Frank DOHA Dollar dollar-denominated debt Dollar/Yen Dollar Bulls dollar debasement dollar funding dollar funding facility dollar haven dollar index dollar rally dollars dollar standard dollar strength dollar swap dollar swap facilities Dollar Swap Lines dollar swap rate dollar swaps Dominique Strauss-Kahn Donald Trump Don Kohn Dostoyevsky dot plot dot plots dots double dip dove doves Dovish Dow Dow 20 Dow Jones downgrade downgrades Down Jones DPJ Drachma drachmas Draghi Draghi Put drought drought euro DSK dual mandate Dubai Dudley durable goods Dutch Dutch elections earnings earthquake easy money ECB ECB capping rates ECC ECJ ECO Ecofin economic headwind economics EDF Edna Kenny education Ed Yardini EFSF Egan-Jones Egypt ELA Election 2012 elections Elena Salgado Elizabeth Warren Elon Musk El Paso emerging economies emerging market currencies emerging markets EMF Emmanuel Macron Empire Manufacturing employment employment-to-population ratio empty creditor EMU Enda Kenny energy England Enrico Letta Enrique Nieto Enrique Pena Nieto EONIA EPA Equities equity equity bulls equity market equity markets equity marktes equity rally Erdogan Eric Rosengren Erodgan Erskine Bowles ESG ESM Esther George ETF ETFs ethanol ethanol lobby ethanol tax credit EU EU-Japan trade deal EU. Nikkei EU auto sales EU bailouts EU Cohesion Funds EU Commission EU debt crisis EU GDP Eugene Fama EUR/CHF EUR/CHF cross rate EUR/CHF peg EUR/GBP EUR/JPY EUR/SEK Eur/Yen Eur/Yen cross EU referendum Eurex Euribor euribor futures euribor rate cut Euro euro. Trichet euro/CAD euro/chf EURO/DDK peg euro/franc cross euro/pound euro/pound cross euro/ruble Euro/Stockie euro/stokie euro/swiss Euro/Swiss cross Euro/Yen euro/yen cross Euro bond Eurobond euro bonds Eurobonds Eurobor Eurocrates Eurocratic elite Eurocrats euro cross rates euro debt Euro debt crisis euro debt problem Eurodollar eurodollar futures Eurodollars Euroland Europe European european bailout european banking crisis European banks European bond markets European bond prices European bond yields European Central Bank European Commission European Court of Justice European Court of Justice (ECJ) European Crisis European debt European Debt Crisis European debt drama European debt resolve european notes European politics Europeans European sovereign debt European Stability Mechanim European unemployment European Union Europolis euro pols. euro euros euro sovereign debt Euro Stoxx Euro Stoxx 50 Euro stress tests euro swiss futures Eurozone euro zone Euro Zone. D-Mark euro zone summit Eurozone Summit EU stability pact EU Summit EWG ETF excess reserves exchange controls exit strategy exploding ARMS export exports extended period extreme vigilance Facebook failed auction Fannie Fannie Mae farm subsidies fascist FDIC FDIC insurance FDP fear Fed Fed bondage Fed Chair Fed Chairman Fed Chairwoman Federal Reserve Federal Reserve Board Federal Reserve Board of Governors Fedex fed fund futures Fed Funds fed funds futures Fed Funds Rate Fed Govenors Fed Governors Fed guy Fed Policy Fianna Fail Fianna Fail Party Fiat financial conditions financial contagion financial instability financial regulation financial repression Financial Repression Authority financials financial stability Financial Stability Board Financial Times Fine Gael Finland Finns finreg firewall Fiscal Austerity fiscal authority fiscal cliff fiscal harmonization fiscal policy fiscal stimulus fiscal union Fischer Fisher Fitch Fitch Ratings five-year note Five Star Five Wise Men flat flatten Fleetwood Mac floating-rate note floods FLUOR FOMC FOMC meeting FOMC minutes Fonterra Cooperative Group food chain food prices Footsie Ford foreign currency bonds foreign exchange controls Forex forward guidance fourth quarter fragmentation Franc France France elections Francois Hollande Frank-Walter Steinmeier Frank/Dodd FRA podcast Frau Merkel Freddie Freddie Mac Frederic Bastiat Free Democrats Party Freedom Caucus free trade French French/German 10-yr spread French 10-yrs French bond futures French bond market French election French elections French franc French oat French oats FTSE full employment fundamental fundamentals funding markets funds Futures Radio FX FX swap lines G-7 G-8 G-20 G-20 G-7 G-30 G7 G20 Gang of Six Gary Cohn Gary Kaminsky Gary Locke Gazprom GBP/EUR GCC GDP GE Geither Geithner geopolitics George Osborne George Schultz George Soros George W. Bush Gerhard Schroeder German German/French 10-year spread German/French spread German/U.S. 2-year spread German 2-Year yield German bund German bund futures German bunds German CDU German Coalition German Constitutional Court German Dax German election German elections German exports German gold audit German government Germans Germany Germay GIIPS Gillian Tett Gilt Gilts Giulio Tremonti Glass-Steagall Glencore Glenn Stevens global bond markets global bond yields global capital global currency global currency wars global debt global disinflation global economy global equities global headwinds global macro GM Gold gold-backed bond Gold-backed bonds gold-backed Cypriot bond gold-back eurobond gold/currencies gold/euro gold/euro cross gold/platinum spread gold/silver gold/silver ratio gold/Swiss gold/yen gold/yuan gold/ yuan gold/yuan cross gold bull gold coin gold crosses gold euro gold exchange standard Goldman Sachs gold market gold referendum gold reserves gold standard Gold Swap gold window Google GOP governments government shutdown Governor Kuroda Governor Stevens Governor Zhou GPIF Graceland Graeme Wheeler grain grain exports grain futures grain markets grains Grand Coalition Grand Inquisitor Grateful Dead Great Britain Greece Greek 2-year rates Greek austerity Greek bailout Greek bonds Greek debt Greek default Greek elections Greek parliament Greek problem Greek referendum Greek restructuring Greeks Greel Green Party Greens Greenspan Greenspan Fed Greenspan Put Greg Hunter Gresham's Law Gresham's laws Gretchen Morgenson Grexit Groucho Marx growth GSE GSEs Guenther Oettinger Guido Mantega Guillermo Ortiz Gulf Region gulf states Gunter Oettinger haircuts Hamburg Hank Greenberg Hank Paulson Hard Brexit harmonic convergence Harper Hartz IV Hartz IV program Hatoyama haven havens haven status hawkish hawks headwinds health care health insurance hedge funds Hedgehoppers Heiko Maas Helmut Kohl hemlock Herman Von Rompuy HFT hiatus Hill Hillary Clinton Hilsenrath Hinkley Point Hoenig holiday shopping Holland Hollande Honda Hong Kong dollar Hong Kong Monetary Authority Hope Horse Shit hostage hot money House household debt housing housing market housing starts and permits Houston Howard Marks HQLA Hu Huawei Hu Jintao Humphrey Hawkins Hungary hung parliament Hunt Brothers Hurricane Sandy Ian Bremmer ICE ICE/Nasdaq IEA IFF IIF Illinois IMF immigration imports Independence Party India industrial production Infamnia inflation inflation/deflation inflation expectations inflation targets infrastructure infrastructure spending insider trading insurance companies interest costs interest on debt interest rate interest rates intermeeting cut international portfolio balance channel intertemporal dislocation intervention intransitory inverted inverted yield curve investing IOER IOER/RR tweak IPO Iran Ireland Irish Irish 2-yr note Irish 2/10 curve Irish banks Irish elections Irish yield curve iron ore ISDA ISIS ISM Israel Israeli stock market Italian Italian/German spread Italian 2-year notes Italian 2-yr notes Italian 2/10 curve Italian 10-year Italian 10-year note Italian 10-yr note Italian 10-yr yield Italian auctions Italian banks Italian bond futures Italian bonds Italian BTP Italian BTP futures Italian BTPs Italian curve Italian debt Italian debt/GDP ratio Italian elections Italian referendum Italian sovereign debt Italy Italy Italian BTP bond futures IVEY Ivey PMI J. Powell Jack Layton Jack Lew Jackson Hole Jackson Hole Symposium Jacques de Larosiere James Aitken James Bullard James Carville Jamie Dimon Janet Yelle Janet Yellen Janet Yelln Jan Smets Japan Japanese intervention Japanese unemployment Japanese yen Japan exports Japan Government Pension Investment Fund Japan nuclear energy sector Japan yield curve Jason Furman JCPOA Jean-Claude Juncker Jean-Claude Trichet Jeb Hensarling JEC Jefferson County Jeffery Lacker Jeff Gundlach Jeffrey Gundlach Jeffrey Lacker Jens Weidmann Jeremy Corbyn Jeremy Graham Jeremy Grantham Jeremy Stein Jeroen Dijsselbloem Jerome Powell JGB JGBs Jim Cramer Jim Flaherty Jim Grant Jimmy Breslin Jim Sinclair Jin Liqun Joachim Gauk job growth jobless claims jobs Joe Biden John Boehner John Browne John Cogan John Connally John Key John Paulson John Plender John Snow John Taylor John Williams Jon Corzine Jon Hilsenrath Jordan Jorg Asmussen Josef Ackermann Josef Joffe Joseph Schumpeter Joseph Stiglitz Joseph Wang Jose Vinals JPMorgan JP Morgan Judge Griesa Juergen Stark Julia Gillard Julia Guillard Jun Azumi Juncker Juncker bond Jurgen Stark Justice Department Justin Trudeau Kan Kan Naoto Nikkei Kansas Southern Railroad Karen Dynan Keith Hall Ken Langone Kenneth Rogoff Ken Rogoff Kevin Rudd Kevin Warsh Keynes Keynesian Keynesians Keystone XL pipeline Khodorkovsky Kim Jong-un Kinder Morgan Kiwi kiwi dollar Kiwi Glenn Stevens KKR Kobe Earthquake Kocherlakota Koizume Kojak Korea Korean won Krone kroner Kroner/Euro peg Kroners KSU Kurds Kuroda Kuwait Kuwait Investment Authority Kyrgyzstan labor labor economists labor force participation labor market labor participation rate Labor Party Lael Brainard Lael Braindard Lael Brainerd Lagard Lagarde Larry Fink Larry Kudlow Larry Lindsey Larry Summers latin America lawsuit LCH.Clearnet LCR LDP Lee Buchheit Le Fort Franc Lehmanesque Lenny Feldman leverage leveraged buyouts Lexus Lexus-Mercedes barometer Lib-Dems Lib/Lab Liberal Party LIBOR Libor-OIS Libya liftoff Li Keqiang Lil Kim liquid assets liquidation liquidity Liquidity exuberance liquidity trap liquified natural gas lira Lisa Cook Lisbon Treaty livelihood commodities Lloyd Blankfein LNG long-term rates long bond long duration long interest rates Long Term Capital Management Loonie Loony Lorenzo Bini Smaghi Loretta Mester Lorie Logan Louis Gave low interest rates low probability high impact LSAP LTRO Lucas Papademos Lula Luxembourg M&A M. Belen Sbranica macro-prudential regulation Macron Macro Prudential macroprudential regulation Madison Maiden Lane Maiden Lane 2 Main Street Manmohan Singh Mantega Manuel Valls manufacturing Maquiladoras Marc Faber Marcos Jank margin requirement margin requirements Maria Bartiromo Mariano Rajoy Marine Le Pen Mario Draghi Mario Monti Mark Carney market markets Mark Olson Mark Rutte Mark Warner Mark Weisbrot Martin Feldstein Martin Wolf Marx Mary Coughlan Mary Daly Mary Miller Mary Schapiro Masstricht Treaty material reassessment Matteo Renzi Matthias Wissman MBS MBSs Medvedev Mel Brooks Mercedes Meredith Whitney Merkel Merkle Merkozy Mervyn King metals Mexican Central Bank Mexican ETF Mexican peso Mexico MF Global Micex Michael Boskin Michael Ignatieff Michael Steinhardt Michael Woodford Michel Sapin Middle East Mideast midterm elections Mike Pompeo Mike Tyson military industrial complex Milton Friedman mining stocks minutes mispricing of risk mission accomplished MMT Mnuchin model models modern monetary theory MOF Mohamed El-Erian monetarism monetary anonymous monetary policy monetary stimulus monetization money money is facist money market funds money market regulation money markets Montezuma's Revenge Monti Moody's moral hazard Moritz Kraemer mortgage-backed securities Mosaic Mount Blanc MPC Mrs. Wantanabe MTC Mubarak muni bonds municipal debt myRA Myron Scholes NABE NAFTA NAIRU naked CDS Naomi Fink Naoto Kan Napoleon NASDAQ Nasdaq 100 NATO NATO summit natural gas natural interest rate Navy NBER NDP NEC negative negative-yielding debt negative deposit rate negative feedback loop negative feedback loops negative interest rates negative rate on deposits negative rates negative real rate negative real yields negative yield negative yields Netherlands neutral rate New South Wales New York New York Community Bank New York Fed New York Post New York Sun New York Times New Zealand New Zealand Central Bank New Zealand dollar New Zealand kiwi NEXEN NFG NFP NGDP Niall Ferguson Nicholas Sarkozy Nieto nihilism Nikkei Ninja NIRP Nissan Nixon no-confidence no-fly zone Noda no exit nominal GDP nominal rates non-farm payrolls non-performing loans Nonfarm Payroll nonfarm payrolls Nord Stream 2 Nordstream 2 Pipeline Norge Norge Bank Norges Bank normalization Norman Chan North Korea Norwegian Sovereign Wealth Fund notes Notes From Underground Nouriel Roubini Nout Wellink Novartis no way Jose (Canseco) Nowotny NSA nuclear nuclear energy nuclear power nuclear reactors NYSE NYSE/Deutsch Borse NYSE/Deutsche Boerse NYSE Euronext NZ dollar O/N RRP OAT OAT/Bund spread oats Obama Obama administration Obamacare OBR Ochs-Ziff OECD oil oil markets oil pipeline OIS +100bps Olaf Scholz Ollie Rehn Olli Rehn OMT Opec operation twist OPM Osborne OTC other people's money (OPM) OTM Otmar Issing output gaps outright monetary transaction Ozawa P/E ratios palladium Panama Papers Papademos Papandreou Paris patience patient Pat Quinn Paul Krugman Paul O'Neill Paul Ryan Paulson Paul Tudor Jones Paul Volcker Pax Americana Pay-Go PBC PBOC Peer Steinbruck peg Pelosi PEMEX pension fund pension funds Peoria PepsiCo peripheral debt peripherals peripheries Peso peso/yuan Peter Altmaier Peter Diamond Peter Navarro Peter Praet petro-dollar system Petrobras Petronas Peugeot Philip Jefferson Philippe Hildebrand Philipp Hildebrand Phillips Curve philosopher kings Phishing Pierre Moscivici PIIG PIIGS PIIGS solvency PIMCO pissing post platinum platinum-gold spread platinum/gold Plosser PMI PMIs PM Kan pocast Podcast podcasts Podemos poliburto political political pork ponzi popular party portfolio balance channel portfolio balance channels portfolio unwind Portugal Portugal 2/10 curve Portugal elections Portuguese Portuguese 2-year note Portuguese debt Potash potash cartels POTUS Pound pounds pound vs euro Powell PPI Praxis precious metals president President Erdogan President Macron President Nieto President Obama President Putin President Trump President Xi price controls primary budget Prime Minister Abe printing press private equity Pro-Euro labor pro-nuclear productivity Progress Energy protectionism Pru PSI Puerto Rico Pushing on a String Putin Qaddafi Qatar QE QE1 QE2 QE3 QE4 QE GDP QE tapering QQE QT Quantitative Ease quantitative easing quantitative tightening Rabobank Raghuram Rajan Rajan Rajoy rally Ralph Nader rand Randy Kroszner rate cut rate cuts rate hike rate hikes rate increase rate rise ratings agencies rational actor model raven raw commodities Ray Dalio RBA RBC RBNZ Real real estate real interest real quality assets real rates real yield real yields recession record low yield redenomination referendum refi refinance refinancing refi program regulated exchanges regulation regulations regulatory tools rehypothecation Reinhart/Rogoff Reminbi renewable fuels association Renimbi rentier class Renzi repo repo market repo operations reprofiling Republicans reserve Reserve Bank of Australia Reserve Bank of New Zealand reserve rate reserve requirement retail retail sales reuters reverse-repos reverse repo reverse repo facility Richard Clarida Richard Dennis Richard Fisher Richard Koo Richard Nixon Rick Santelli riksbank Riksbanken riots risk risk-off risk-on risk-on/risk-off risk-weighted assets risk assets risk parity risk premium Risksbank RMB RMBS Robert Baer Robert Holzmann Robert Kaplan Robert Lighthizer Robert Rubin Robert Shiller Robert Skidelsky Robin Harding rocket science Roger Altman Rogoff/Reinhart Romney Ron Paul RORO Rosengren Rosneft Ross Rotten Heart of Europe Rouble Rousseff RSX ruble Russia Russian Central Bank S&P S&P/bond ratio S&P/U.S. bond ratio S&P/US ratio S&P 500 S&P downgrade S&P futures SAFE safe haven Salvador Dali sanctions Sander Levin San Francisco Fed Santa Mike Santander Santelli Santelli Exchange Sarah Bloom Raskin Sarah Raskin Sarkozy Saudi Arabia Saudis Saxby Chambliss Scandies schadenfreude Schaeuble Schatz Schauble Schlesinger Schroeder Schumer Schumer/Graham Scotland Sean Egan SEC Secretary Mnuchin secular stagnation Seiji Maehara SEIU SELIC selloff Senate Senator Shumer Seoul serial currency manipulator shadow banking shadow banking committee shadow banking market shadow banking system Sheila Bair Shibor Shiite Shinzo Abe Shirakawa short-term financing short-term rates short dollar positions short selling short sterling short volatility Siemens Silicon Valley Bank silver Silvinit Silvio Berlusconi Simon Hobbs Simon Johnson Simon Potter Singapore dollar Sing Dollar Sir Alan Greenspan slowdown Slower Fool Theory slowing growth slush fund Smoot-Hawley SMP SNB SNB currency reserves socgen socialists Socrates solar tariffs solvency solvency risk SOMA Soros SOTU South Africa South African rand South America South Korea South Korean won sovereign bonds sovereign debt sovereign debt crisis sovereign debt issues sovereign risk sovereigns Sovereign Wealth Funds Soviet Union soyabeans soybeans Spain Spain downgrade Spain Portugal Spanish 2-year Spanish 2-year notes Spanish 2-yr notes Spanish 2/10 curve Spanish 10-year Spanish 10-yr notes Spanish 10-yr yield Spanish auto sales Spanish bill auction Spanish bonds Spanish budget Spanish debt Spanish elections Spanish inflation Spanish non-performing loans SPD Spoos spot price SPS St. Louis St. Louis Fed stability union stablecoin standing repo facility Stanely Fischer Stanley Druckenmiller Stanley Fischer state deficits State of the Union states steep Stephanie Kelton Stephen Harper Stephen Poloz Sterling sterling depreciation Steve Bannon Steve Liesman Steve Mnuchin Steve Moore Steven Mnuchin Stevens stimulus stock market stocks Strategic and Economic Dialogue strategic petroleum reserves stress stress test stress tests strong dollar strong vigilance sugar sugar-based ethanol summit Sunni Supercommittee superforecasting surplus SVB swap line swap lines Sweden Sweden CDS SWF SWFs swiss Swiss/yen Swiss/yen cross Swiss 2-yr note Swiss 2-yr notes Swiss banks Swiss Franc Swiss franc/yen swissie Swiss National Swiss National Bank Swiss referendum Switzerland symmetry synchronicity Syria Syriza Syriza Party systemic cliff T-bills Tachiko Nakao Tahrir Square TALF taper tapering taper tantrum Target2 tariffs TARP tarrifs tar sands Tarullo tax bill tax cut tax cuts tax harmonization tax plan tax reform Taylor rule TBAC teabaggers Tea Party technicals technocrats TEGWAR Term Deposit Facility term risk terrorist attack testimony The Fed The Grand Chessboard Theresa May the Twist Thomas Hoenig Thomas Jordan Thomas Mayer Thomas Simons Tiff Macklem tightening time table Tim Geithner Timo Soini Timothy Geithner tin TLTRO TLTRO 2 TLTRO2 too big to fail too big to fail banks too big too fail tools Tories Tory Tory/Liberal coalition Toshiro Muto Tota Toyota TPA TPP trade trade agreements trade balance trade data Trade Expansion Act trade imbalance trade imbalances trade policies trade policy trade war trade wars Transatlantic trade agreement Transcanada Pipeline transfer union transitory transmission mechanism transparency Treasuries Treasury Treasury auctions Treasury bill purchases Treasury bills Treasury bonds Treasury curve Treasury Department Treasury issuance Treasury market Treasury notes Treasury notes and bonds Treasury rally Treasury Secretary Treasury Secretary Geithner Treasury Secretary Mnuchin Treasury Secretary nominee treasury securities Treasury supply Treasury yield curve Treasury yield curves Treasury yields Tremonti Trevor Manuel Trichet Troika Trudeau True FInn True Finns Trump Trump/Xi Trump adminiration Trump Administration Trump tax plan truth Tsipras TTIP Tunisia Turkey Turkish lira Twist Twitter two-year instruments two-year note two-year notes Tymoshenko U.K. U.K. 2/10 curve U.K. elections U.K. EU U.K. MPC minutes U.S. U.S.-China trade U.S./German spread U.S./Iran U.S./Japan trae talks U.S. 2-year note U.S. 2/10 curve U.S. 2/10 Yield Curve U.S. 5-Year Note U.S. 5/30 curve U.S. 5/30 yield curve U.S. 10-Year Note U.S. ADP U.S. bank stocks U.S. bond markets U.S. bonds U.S. budget U.S. budget negotiations U.S. debt U.S. debt circus U.S. debt issuance U.S. Dollar U.S. dollar assets U.S. dollar funding u.s. dollar haven status U.S. dollars U.S. downgrade U.S. election U.S. elections u.s. employment U.S. energy policy U.S. EPA U.S. equity markets U.S. equties U.S. ethanol U.S. fiscal cliff U.S. fiscal stimulus U.S. funding markets U.S. GDP U.S. Gulf U.S. Iraq U.S. Israel U.S. jobs data U.S. midterm elections U.S. money funds U.S. nonfarm payrolls U.S. Pacific Fleet U.S. stocks U.S. trade U.S. Treasuries U.S. Treasury U.S. Treasury Market U.S. Treasury Steven Mnuchin U.S. Treauries u.s. unemployment U.S. unemployment numbers U.S. unemployment report U.S. yield curve U.S. yield curves U.S. yields UBS Ueda Kazuo UK Ukraine Ukraine Treaty ultra-long bonds ultra low rates unemployment unemployment data unemployment rate unemployment report unemployment threshold United Nations United States University of Chicago unmoored U of M Uralkali USAWatchdog USDA crop report US debt US deficits US dollar USMCA USTR US Treasury Market US yield curve Van Hoisington VAT vaults Venizelos Vietnam Virtu Financial VIX Vladimir Putin volatility Volcker Volcker Rule Volkswagon voluntary voluntary restructuring Von Rompuy vote VW W.I.N. wage growth wage inflation wages Waha Hub Wall Street Wall Street banks Wall Street Economists Wall Street Journal Wall Street Week Warren Buffett Washington wealth destruction wealth effect Wealth of Nations Weidmann Wells Fargo Wen Jiabao Wen Jiabo Werner Faymann West Landesbank whatever it takes wheat Wheeler WI Wikileaks Wilbur Ross William Dudley William White Wisconsin Wolfgang Schaeuble Wolfgang Schauble Won World Bank World Cup World Economic Forum WSJ WTI WTO Xi Xi Jinping Xstrata XSTRATA/Glencore Yanis Varoufakis Yanukovich YCC Yellen Yemen Yen yen/dollar YEN/YUAN Yen/Yuan cross yen appreciation yen bonds yield-curve targeting yield curve yield curve control yield curve inversion yield curves yield curve steepeners yield differential Yi Gang Yra's law Yuan yuan/yen cross Yukos Yves Mersch Zapatero zero Zero Hedge zero interest rate zero interest rate policy zero interest rates zero lower bound zero output gap zero rates zero tax rate Zhou Zimbabwe ZIRP Zoltan Pozsar zombie banks

Powered by WordPress.com.
Entries (RSS) and Comments (RSS).