The ECB bailout is not showing the same positive market response that other bailouts have shown. The bond vigilantes in Europe actually appear to be awake at the wheel.
Category: Chart Of The Day
(Just Charts)
THE 220 YEAR BULL MARKET IN BONDS
Barry Ritholtz posted this excellent chart (figure 1) earlier that shows US interest rates going back to 1790. As you can see, we’ve had a long history of low rates. [ … ]
A BIG VOTE OF “NO CONFIDENCE” IN GOVERNMENT INTERVENTION
Based on the recent trends in European CDS and European interest rates it’s becoming more and more clear that the markets are not convinced of the ECB’s bailout programs. In [ … ]
GREEK BONDS STILL STRUGGLING
Despite unprecedented intervention by the ECB there has been a relentless move higher in Greek bond yields. While the ECB appears to be able to make a market in Greek [ … ]
MIND THE GAP
I’ve often referred to the output gap as one of the primary components of my deflation argument. I ran across this excellent chart and commentary from The Center on Budget [ … ]
WHAT DOES IT TAKE TO BE A WALL STREET ANALYST?
Sometimes I wonder what it takes to be a Wall Street analyst. Judging by the average analyst estimate for the S&P 500 it looks like the job requirements are pretty [ … ]
NOT EUROPE AGAIN….
The usual suspects don’t appear to be healing in Europe. As we mentioned last week, they in fact, appear to be getting worse….How long will the markets wait before realizing that austerity measures will not solve the flawed single currency system?
SECULAR BEARS TEND TO BE LONG EVENTS….
Are you betting on the return of the buy and hold strategy? You might want to think again. The last three secular bear markets lasted an average of 17 tears….
THIS IS NOT THE 1930’S
This is not the 1930’s. It’s not even the early 80’s. Heck, it’s not even the 70’s.