Weekly Market Update
Market Action Stocks ended their win streak with a slight decline this week and sit relatively flat for 2016 overall. Bond yields rose this week as several statements from Fed officials leaned towards hawkish action as soon as the next meeting of the central bank....The Plumbing of the Financial System: Debt Markets and Structured Products
Over the course of the last few months official foreign accounts have been selling US Treasuries. At the same time, the US Fed has been selling Treasuries to its primary dealers whose inventory of government bonds is rising. Moreover, newly issued paper (a.k.a....Weekly Market Update
Market Action The U.S. stock market delivered its fifth consecutive week of gains and entered into positive territory for the first time in 2016. Thanks to the Fed’s diminished expectations for rate hikes in 2016 equities took off, welcoming the dovish sentiment. Oil...Financial Conditions and Helicopter Money: Generational Public Ethos and Norms Greet Mr. Market
We are experiencing a transformational change from post-modernity to meta-modernity. As that transformation takes place public philosophy, customs, policies and norms also change. The metamorphosis which is now at works may soon resemble the one described by Kafka in...Counterparty Risks and the Gathering Storm: Inadequate Solutions and Absurd Voices
In a recent commentary we pointed out that one of the largest clearing houses asked for a $50 billion capital contribution from member institutions, (see https://blacksummitfg.com/3375 ). We have also been pointing out that collateral deficits undermine the stability...Sign Up for Our Publications
