By EconMatters
PIMCO who specializes in Bonds, having the largest bond fund in the world could not have been more wrong about an asset class, which is surprising considering their experience in this sector. Bill Gross`s official declaration that his firm was shorting the US Treasury Market on April 11th of this year to the day marked the literal double bottom in price/high in yield for the year, and it has been one heck of a one-way trade in the opposite direction ever since.
Recent by EconMatters
Sunday, August 28, 2011
Saturday, August 27, 2011
Infographic: America, The Lawsuit-Happy Nation
Labels:
demographics,
infographic
According to the latest BLS national wage estimate through May 2010, the mean annual salary for lawyers was around $129,440, which partly accounts for the fact that the U.S. has one of the highest number of lawyers per capita in the world.
Friday, August 26, 2011
Maps Du Jour: Food Inflation Riots and The Libyan Politics
Labels:
crisis,
EconMatters,
infographic
By EconMatters
The first map is a disturbing illustration of food and inflation riots around the globe in 2011 (updated through Feb. 19) I came across on Google. The second map is actually an infographic from The Economist explaining the politics behind the military action against Libya.
Tuesday, August 23, 2011
Oil Market: Rectifying The Broken Paper Pricing Model
Labels:
commodities,
crude,
EconMatters,
economy,
Fed
By EconMatters
It has become quite apparent that major changes are necessary in the oil futures market after the latest year of volatility which had little relation to the actual fundamentals of supply and demand in the marketplace.
Oil is too an important commodity to have such a large dislocation from the actual physical market of supply and demand. It is used by people all over the world as a necessary commodity for daily transportation, businesses rely on the commodity to produce goods, and economies need a stable price reflective of fundamentals to flourish in an efficient matter.
It has become quite apparent that major changes are necessary in the oil futures market after the latest year of volatility which had little relation to the actual fundamentals of supply and demand in the marketplace.
Oil is too an important commodity to have such a large dislocation from the actual physical market of supply and demand. It is used by people all over the world as a necessary commodity for daily transportation, businesses rely on the commodity to produce goods, and economies need a stable price reflective of fundamentals to flourish in an efficient matter.
Monday, August 22, 2011
Wall Street Bailout: Fed's $1.2 Trillion Secret Loans Revealed
By EconMatters
Catching up on my news reading on a Sunday afternoon, at the top of the Bloomberg homepage was an investigative piece finally revealing how much, when and whom the Federal Reserve provided the discount window and emergency lending facilities to from August 2007 through April 2010. The loans were intended to bridge the liquidity crunch and maintain the credit market during the 2008 financial crisis.
Catching up on my news reading on a Sunday afternoon, at the top of the Bloomberg homepage was an investigative piece finally revealing how much, when and whom the Federal Reserve provided the discount window and emergency lending facilities to from August 2007 through April 2010. The loans were intended to bridge the liquidity crunch and maintain the credit market during the 2008 financial crisis.
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