| 08/22/10 | All Aboard |
| | My “Bigger Boat” theme is picking up steam, even becoming mainstream… the Fed, Bank of Japan, and Bank of England all seem ready to jump aboard. |
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| 08/12/10 | Targeting the Fed’s Balance Sheet |
| | It seems the investment world is quickly clueing in to the notion that what the FOMC did this week was take a small, measured step in what could potentially be a large multi-step process in response to an economy that is falling well short of the Fed’s own forecasts. |
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| 08/05/10 | Today’s Employment Report |
| | Overall, today’s employment report for July came in weaker than expected and also included downward revisions to previous months. |
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| 07/29/10 | Bigger boat, indeed. |
| | Four weeks ago in our quarterly Market Commentary I wrote “… many policymakers are staggering around with their Chief Brody face on,” upon the realization that another round Quantitative Easing (QE2) may be needed to deal with the immensity of the financial and economic problems they face. |
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| 07/27/10 | Austerians v. Keynesians Screaming Match Getting Uglier |
| | The whole austerity vs. stimulus debate is increasingly sounding like a Mel Gibson rant, with ideologues on both sides digging in their heels and calling each other such vile names as “Austerian” and “Keynesian.” |
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| 07/20/10 | Tyranny of The “Ds” |
| | There are two large and increasingly interrelated economic debates making the rounds these days. |
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| 05/25/10 | A Very Big Deal vs. The Great Reflation Experiment |
| | While much has been made of policymaker’s cyclical reflationary efforts – indeed, the 14-month counter-trend rally in risk assets was pretty darn impressive – let’s not lose sight of the bigger picture. |
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| 04/27/10 | The Crisis Takes a New Shape |
| | Stocks got pummeled yesterday in a global flight-from-risk. As for the cause, pick your poison; the Greek contagion, the Goldman 'storm' (thank you Senator Levin), or simply a correction to overly complacent sentiment. |
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| 04/06/10 | Snippet From my Upcoming Market Commentary |
| | The big story in the bond market as the quarter came to a close, aside from longer-dated Treasury yields probing the top of multi-month trading ranges, was the related action of swap spreads turning negative. |
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| 03/09/10 | Complacent… or just bored? |
| | Many risk markets have gotten kind of quiet recently… maybe too quiet. |
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| 02/09/10 | The Next Phase |
| | Grassy contagion knolls seem to be popping up all over Europe as of late, with wise seers competing to out-clever the other guy by comparing Greece to Bear Stearns, Lehman Bros., or some other early cycle miscreant. |
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| 02/03/10 | Risk Appetite Drying Up |
| | The carry trade unwind continues, driven by the type of mini-flight-to-quality I wrote about in our quarterly commentary. |
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| 01/21/10 | Time For a Context (and maybe a sound) Check |
| | Someone sure cranked up the volume this week. But when you step back a bit, it really shouldn’t come as too much of a surprise. |
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