Posts Tagged ‘Europe’

Yellen Speaks Friday To Inspire You

The biggest event of the week for bond traders is likely to be Federal Reserve Chairwoman Janet Yellen’s speech at the Jackson Hole Conference. Technically called the Federal Reserve Bank of Kansas City Economic Symposium, the conference is the preeminent monetary policy conference in the world and has often been used by sitting Fed chiefs […]

No Institutional Memory Whatsoever is Better

We are conditioned to be fearful of a 10-year bond yield this low. We are way beyond thinking, “This could be good for our country,” or “This could spur more housing,” or “This could allow more refinancing where it is possible.” At least today we recognized the value of the bond-equivalent stocks, which usually happens […]