Archive for May, 2014
Sunday, May 25th, 2014
Last evening I posted this piece on the consequences of the severe drought in parts of the country on food prices. This evening the website Politico.com posted an article on the high cost of the bacon cheeseburger and noted that the drought has added about 10 percent to the cost ...
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Saturday, May 24th, 2014
Barron's interviewed Stephanie Pomboy of Macro Mavens this week and she presented an especially bearish view on the US economy. She argues that as the Federal Reserve stops buying Treasuries the economy will falter and the Fed might even taper the taper. She thinks there is little upside to Treasury ...
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Saturday, May 24th, 2014
The Department of Agriculture has warned that consumers face rising food prices over the remainder of this year as droughts in California and Texas and Oklahoma drive prices higher. Here is an excerpt from an article in the Des Moines Register:
"The Agriculture Department warned shoppers that beef and veal prices ...
Posted in Uncategorized | Comments Off on Drought and Food Prices
Saturday, May 24th, 2014
The WSJ Real Time Economics blog posted an article by an MIT economist who posits that the focus on he 1 percent and the 99 percent is counterproductive and that the main driver of income inequality is education. He tracks the widening income gap between those with college education and ...
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Saturday, May 24th, 2014
In my previous post I commented to an FT article critical of some of the calculations employed by Thomas Piketty in his land mark book on income inequality. The Naked Capitalism blog has a lengthy post on that story here.
Posted in Uncategorized | Comments Off on More on FT Critique of Piketty Work
Saturday, May 24th, 2014
I am back after spending two wonderful weeks in Italy with my lovely wife. We visited Venice and Rome and Florence. As you can tell from the time of this one I have not quite resumed living on East Coast USA time. Anyway, I have returned and will work my ...
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Wednesday, May 7th, 2014
Administrative Note
May 6th, 2014 11:16 am | by John Jansen |
I have blogged here since I retired from selling bonds on September 30 2013. It is time to take a short break so that I can enjoy some of the conventional fruits of retirement. There will be very little ...
Posted in Uncategorized | 4 Comments »
Tuesday, May 6th, 2014
Notwithstanding my previous note moments ago I could not resist sending this excellent piece from Richard Gilhooly of TDSecurities:
The USD is under generalised pressure this morning, a delayed reaction to Friday's reversal in yields which left the DXY index unchanged on the day even as long-end yields moved to new ...
Posted in Uncategorized | Comments Off on What is FX Market Saying
Tuesday, May 6th, 2014
I have blogged here since I retired from selling bonds on September 30 2013. It is time to take a short break so that I can enjoy some of the conventional fruits of retirement. There will be very little blogging ,if any, for the remainder of today and tomorrow and ...
Posted in Uncategorized | 5 Comments »
Tuesday, May 6th, 2014
Most of the issuance announced thus far this morning was second tier and third tier names. However JPM just announced a 10 year. Here are the details from Bloomberg:
J.P. Morgan Chase & Co B'Mark A3/A 10 yr sr holdco
ipt +105-110
+------------------------------------------------------------------------------+
BFW 05/06 13:11 *JPMORGAN TO SELL $BENCHMARK 10Y SR UNSECURED HOLDCO ...
Posted in Uncategorized | Comments Off on Corporate Bonds