June 5, 2016

Long Bonds

Let’s call this post “The Sunday Read.”   I hope you find it entertaining and thought-provoking.  PIMCO has long been known as the experts when it comes […]
June 4, 2016

GDP Nowcast Update – June 3, 2016

Hidden in the shadows behind Friday’s jobs report was the latest GDP ‘Nowcast’ from the NY FED.   And a new entrant for us in the […]
June 3, 2016

Voodoo Math

You saw the report. Earlier today, the unemployment rate declined by 0.3% – from 5.00% down to 4.7%. Which is odd as the ‘civilian noninstitutional population’  […]
June 2, 2016

Another Look at the Yield Spread

If you watch CNBC, you may have heard Rick Santelli yelling about the flattening of the yield curve … and how this is a BIG PROBLEM!  […]