As I am traveling in Europe for a few more days, it seems appropriate to review the very fascinating work of Arnuad Mares of Morgan Stanley in London. He poses the very provocative question: “Ask Not Whether Governments Will Default, but How?” and comes up with some very interesting statistics...
IN THIS ISSUE: The Fed Blinks What's the Outlook for Treasury Bonds Revisiting the Hg Capital Advisors' Long/Short Government Bond Program Performance Evaluation Is This Program Right For You? Introduction The Fed's action last week to raise the discount rate paid by banks that borrow money...
In This Issue.. * Rate hike sends currencies to the woodshed... * Gold recovers then sells off! * The tale of two Americas... * Weekly Jobless Claims jump! And Now... Today's Pfennig! Fed Raises Discount Rate! Good day... And a Happy Friday to one and all! A Fantastico Friday, if... You were looking...