Posts filed under “Federal Reserve”

Can Janet Yellen really help you with your investing?

Source: Yahoo Finance

Category: Federal Reserve, Investing, Media

Super Mario Delivers

Mr Draghi (Super Mario) delivered yesterday, despite the leaks which virtually gave away the details of his announcement ahead of the press conference. The EZ Central Banks (coordinated by the ECB), together with the ECB is to buy E60bn of government, ABS’s, covered bonds and agency debt, per month, commencing March 2015 up to at…Read More

Category: Bailouts, Federal Reserve, Think Tank

Finally the details . . .

The ECB said the combined monthly purchases which includes ABS and covered bonds and now include sovereign and agency bonds will total 60b euros per month and will continue to do so “until we see sustained inflation improvement.” The ratio will be based on the capital key where about half is made up of Germany,…Read More

Category: Bailouts, Federal Reserve, Think Tank

FR, ECB, BoJ: Central Banking’s Grand Experiment

Central bankers, most of them versed in the history of the Great Depression and deflation, haven’t been exactly reading from the same hymnal for the past few years. There are signs, though, that this might be changing. Perhaps it is merely a coincidence, but the U.S., with the most activist central bank and after more…Read More

Category: Currency, Federal Reserve


Switzerland David R. Kotok January 15, 2015     Switzerland’s abrupt removal of the cap on the Swiss franc’s value against the euro does nothing to alter our outlook for both US interest rates and US stock markets. Subsequent commentaries will discuss the international aspects and those portfolios. Emails this morning from clients and consultants…Read More

Category: Federal Reserve, Think Tank

Category: Bailouts, Federal Reserve, Regulation, Think Tank

1% on 10-year Note?

1% on 10-year Note? David R. Kotok Cumberland Advisors, January 13, 2015         “What if the Fed doesn’t raise rates at all this year? There’s certainly a good amount of volatility possible with the ECB meeting Jan 22, the Greek election Jan 25, and the FOMC announcement Jan 28.” – Don Rissmiller,…Read More

Category: Federal Reserve, Fixed Income/Interest Rates

Draghi? Draghi. Draghi!

Draghi? Draghi. Draghi! David R. Kotok January 3, 2015     A German newspaper reports Mario Draghi’s denial of interest in Italian politics as a major story, which then makes its way to the financial news in the US.  Really? First, it is appropriate for the president of the European Central Bank to say that…Read More

Category: Federal Reserve, Think Tank

Although U.S. investors continue to tap foreign financial markets for “safe” assets, we show that the type of foreign financial debt that fills this portfolio niche post-crisis is quite different than pre-crisis. Post-crisis, we find that U.S. investors have replaced offshore-issued structured securities with high-grade U.S. dollar-denominated financial debt issued from a small group of…Read More

Category: Federal Reserve, Think Tank

Financial Stability and Central Bank Governance

Category: Bailouts, Federal Reserve, Think Tank