Tag: interest rates

Patience – A Possible Win-Win

Patience – A Possible Win-Win

Investors long patience, or cash, are finally benefiting from asset inflation. As buoyant markets and low volatility allow the Federal Reserve to begin its normalization process, interest rates on cash and cash equivalents are on the rise. The three month […]

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Post-Fed Follow-Up

I sat on the porch Listened to the rain Smoked a cigarette And counted to ten Oh no, here it comes again That funny feeling ? Camper Van Beethoven, Oh No! (1985) Goldman Sachs: Value Investing Is Dead…..   Algorithmic […]

Taking Control of Your Bond Market Risk

Taking Control of Your Bond Market Risk

Rising interest rates. Stretched valuations. Populist politics. These are some of the challenges bond investors face today. They’re also reminders of why it’s so important to manage interest-rate and credit risk in an integrated way. Too often, investors separate rate-sensitive […]

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Jim Grant Interviews Jim Bianco

Jim Grant with Jim Bianco Low Volatility Could Last Another 18 Months: Goldman 2:25:  Everything in #Illinois is going broke 6:07:  Flattening yield curve, this time is different? 9:15:  #Fed vs bond market 12:42 Charles Evans discovers #Amazon As Soros […]

Premium Municipal Bonds: More Bang, Less Buck?

Premium Municipal Bonds: More Bang, Less Buck?

If investors have ever wondered whether it’s worth ponying up a premium for some municipal bonds, we think the answer may often be yes. These defensive bonds seem particularly compelling today, when interest rates remain relatively low and both volatility […]

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There’s More Debt, But Not More Wealth

We’ve been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. The […]