Quantcast
Channel: ben bernanke – Alhambra Investments
Browsing latest articles
Browse All 98 View Live

Image may be NSFW.
Clik here to view.

Maybe More Autumn Than Strictly August

Barely more than two weeks. That’s all was needed for the headlines to scream “bloodbath”, “end of the bull market”, and the always popular BOND ROUT!!! The 10-year Treasury yield had bottomed out in...

View Article



Image may be NSFW.
Clik here to view.

Until This Changes, Forget Inflation: Banks Bought Epic Amounts of Safe,...

The first half of 2021 was inundated with government helicopters, more QE’s, and then CPI’s put up with guarantees the “inflation” was going to continue for a long time. Jamie Dimon, JP Morgan’s often...

View Article

Image may be NSFW.
Clik here to view.

The Great Eurodollar Famine: The Pendulum of Money Creation Combined With...

It was one of those signals which mattered more than the seemingly trivial details surrounding the affair. The name MF Global doesn’t mean very much these days, but for a time in late 2011 it came to...

View Article

Image may be NSFW.
Clik here to view.

The Curve Is Missing Something Big

What would it look like if the Treasury market was forced into a cross between 2013 and 2018? I think it might be something like late 2021. Before getting to that, however, we have to get through the...

View Article

Image may be NSFW.
Clik here to view.

As The Fed Tapers: What If More Rapid (published) Wage Increases Are Actually...

Since the Federal Reserve is not in the money business, their recent hawkish shift toward an increasingly anti-inflationary stance is a twisted and convoluted case of subjective interpretation....

View Article


Image may be NSFW.
Clik here to view.

Let’s Talk TIPS

Real yields have moved higher, surging, actually, to start this year (up until more recently, that is). The 5-year TIPS rate has gone from ungodly ugly mid-November, sunk down to -191 bps, to a...

View Article

Image may be NSFW.
Clik here to view.

The Hawks Circle Here, The Doves Win There

We’ve been here before, near exactly here. On this side of the Pacific Ocean, in the US particularly the situation was said to be just grand. The economy was responding nicely to QE’s 3 and 4 (yes,...

View Article

Image may be NSFW.
Clik here to view.

You Don’t Have To Take My Word For It

Stop me if you’ve heard this before. Longtime readers/followers/enthusiasts will be forgiven for immediately thinking I’m quoting myself again, as I so often do: Following its emergence, the...

View Article


Image may be NSFW.
Clik here to view.

Another One Inverts, The Retching Cat Reaches Treasuries

As Alan Greenspan’s rate hikes closed in, longer-term Treasury yields were forced upward as the flattening yield curve left no more room for their blatant defiance. By mid-2005, though, the market...

View Article


Image may be NSFW.
Clik here to view.

What, When, Nominal, Forward, Yes, Oil; or, Spreads Everywhere

February 2005, Federal Reserve Chairman Alan Greenspan goes before Congress to tell the simple-minded politicians there about his “conundrum.” They and the media eat it up because somehow the guy was...

View Article
Browsing latest articles
Browse All 98 View Live




Latest Images