• 288 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 290 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 690 days Could Crypto Overtake Traditional Investment?
  • 695 days Americans Still Quitting Jobs At Record Pace
  • 697 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 700 days Is The Dollar Too Strong?
  • 700 days Big Tech Disappoints Investors on Earnings Calls
  • 701 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 703 days China Is Quietly Trying To Distance Itself From Russia
  • 703 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 707 days Crypto Investors Won Big In 2021
  • 707 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 708 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 710 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 711 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 714 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 715 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 715 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 717 days Are NFTs About To Take Over Gaming?

Markets

Alt Text

Risky Business

Jun 01, 2001 at 00:00

As the latest credit numbers begin to trickle in, it is clear that May was another extraordinary month for the U.S. credit system. Corporate bond issuance of $88 billion surpassed…

Alt Text

The Son of Portfolio Insurance

May 25, 2001 at 00:00

The deluge of corporate issuance runs unabated, with even Nextel Communications provided accommodative financing. Nextel issued $1 billion of 10-year convertible notes, with a 6% yield and convertible at about…

Alt Text

Feeding the Financial Beast

May 18, 2001 at 00:00

Perhaps, Greenspan has come to appreciate the acute fragility of the dysfunctional U.S. financial system and an incredibly maladjusted economy. In the early '90s some fretted when he was slow…

Alt Text

The Unraveling

May 11, 2001 at 00:00

No doubt about it, reckless money and credit excess has been running unabated. This protracted period of "reliquefication" has now worked its "magic" throughout the credit market, with even some…

Alt Text

The Power of Money

May 04, 2001 at 00:00

If I had to make a single observation regarding the weak payroll report, it would be that today's release is the best evidence yet that the current massive monetary expansions…

Alt Text

'Bermuda Call Structures'

Apr 27, 2001 at 00:00

The credit market was none too happy with news of continued economic growth and heightened inflation. Two-year Treasury yields jumped 11 basis points to 4.28%, 5-year yields 15 basis points…

Alt Text

John G. Gurley and Edward S. Shaw on Financial Intermediaries

Apr 20, 2001 at 00:00

Well, there are certainly diverse ways of looking at things. From listening to the punditry on a number of U.S. business programs, one would be left with the belief that…

Alt Text

Reality Check

Apr 12, 2001 at 00:00

The historic U.S. monetary inflation runs unabated, with broad money supply (M3) surging another $45 billion last week. Institutional money fund assets increased $18 billion and large time deposits added…

Alt Text

Pertinent Analysis from Friedrich A. Hayek

Apr 06, 2001 at 00:00

Instability is also a prominent characteristic of the U.S. credit market, with today’s developments leading to a strong rally in Treasuries and fixed-income generally. For the week, 2-year yields dropped…

Alt Text

Hyman Minsky on John Maynard Keynes

Mar 30, 2001 at 00:00

It appears the first quarter experienced one of the strongest periods of debt issuance in history, with a staggering $223 billion of new debt coming to market in the U.S.…