FTD: Negative rates as a precursor to the death of banking, July 31, 2012
Why negative interest rates could have a bad impact on the banking system, as explained by Morgan Stanley researchers:
The potential impact of negative rates on banks’ willin… more »
Hedge Fund Manager Axel Merk thinks that many people saw the rating agencies in a too negative light after S&P downgraded the US.SafeHaven: Don't Shoot the Messenger, by Axel Merk, August 8, 2011Here is the whole post which was originally p… more »
This is interesting stuff, Willem Buiter’s "Sovereign Debt Crisis Update":Citi's Willem Buiter: Chief Economist Essay — Sovereign Debt Crisis Update, Nov. 29, 2010It is worth to read Buiter's whole paper. The conclusion is:"There is no such t… more »
Marginal Revolution: Some results on Japanese quantitative easing"This paper surveys the empirical analyses that examine the effects of the Bank of Japan (BOJ)’s quantitative easing policy (QEP), which was implemented from March 2001 through March 20… more »
Source: Calculated Risk
The yield curve shows the difference between the 10-year and 2-year yields on Treasuries. A steep curve is a positive indicator of future economic growth. As various indicators have been unusually volatile during this crisis we… more »
Forbes: The U.S. Financial System Is Effectively Insolvent by Nouriel Roubini, March 5, 2009
With economic activity contracting in 2009's first quarter at the same rate as in 2008's fourth quarter, a nasty U-shaped recession could turn into a more sev… more »
The BIS Quarterly Review presents once again an excellent summary of the events in the internatioanl banking and financial markets. If you read through the report it is hard to believe that only one quarter is covered. There has been a dramatic set of ev… more »
Stock markets quite unexpectly bounced back after the bail out plan was accepted. Could this be a sign that people do not believe that the implementation of the plan will solve the major problems?
There is also some short term trend towards the bette… more »
Source: Federal Reserve Bank of New York
Forecasting Recessions: The Puzzle of the Enduring Power of the Yield Curve,
Glenn D. Rudebusch, Federal Reserve Bank of San Francisco, John C. Williams, Federal Reserve Bank of San Francisco July 2007
Abst… more »
Source: Wall Street Journal
Fed Paper Looks at Yield Curve-Recession Connection, Wall Street Journal, August 29, 2007
The Coming U.S. Hard Landing, Nouriel Roubini Blog, Sept. 07, 2007 more »