Markets

Nov 05, 2001 at 00:00

For the second time in the same season, two Bonds' have established records. Both Barry and the 30 year Treasury Bonds are big news. For one, it's homerun history and…

Oct 01, 2001 at 00:00

Additionally, the weight of increased leveraging of consumer balance sheets grown over years of excess consumption in coincidence with a general decline in cash savings has been slowing the consumer…

Dec 28, 2001 at 00:00

First of all, we would be committing an error if we fixated too long on the numbers. For both the economy and financial system, the move to "Financial Arbitrage Capitalism"…

Dec 21, 2001 at 00:00

Over the past few years there has been an explosion of "special purpose vehicles" created specifically to provide various forms of financing, and in many cases indirectly for companies of…

Dec 14, 2001 at 00:00

Between the continued explosion of mortgage credit, and the record issuance of converts and CDO (collateralized debt obligations) instruments, one cannot be the least bit sanguine about the either the…

Dec 07, 2001 at 00:00

Overborrowed consumers may be struggling, but the Fed has thus far postponed their inevitable retrenchment. October saw the largest rise in personal spending on record. With expenditures on durable goods…

Nov 30, 2001 at 00:00

The Enron tentacles reach far and wide, with a Dow Jones new story this afternoon stating "primary insurers could be on the hook for as much as $2 billion in…

Nov 23, 2001 at 00:00

Fannie Mae this week priced $5 billion of benchmark 10-year bonds - 5 3/8% due November 15, 2011. They closed Tuesday with a yield of 5.53%, at a spread to…

Nov 16, 2001 at 00:00

The "one way bet" U.S. credit market saw an abrupt change of fortunes this week, with stunned traders and investment managers watching a decent year evaporate into thin air. Two-year…

Nov 09, 2001 at 00:00

Hopefully, this detail supports our contention that the major problem for the U.S. economy is not a general lack of demand. Households definitely continue to borrow and spend, we would…