When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, July 11, 2014

Decoded Bond Secrets, Memphis Firm Mystifying Wall Street

How Memphis Firm Decoded Bond Secrets Mystifying Wall Street - Bloomberg: "....Traders are finding it too expensive to keep betting against bonds, forcing them to buy the securities to exit their so-called short positions, said Jim Bianco, president of Bianco Research LLC in Chicago. He said he expects 10-year yields to fall to 2.25 percent this year. “The relationship between nominal growth and interest rates is not as strong as they think it is,” Bianco said in a June 25 telephone interview. “If you want a fundamental reason for the squeeze, the growth is not there. If rates go to 3.5 percent, every single person makes money on it except Chris Low and me, because we’re the only ones who are bullish on the market.”" (read more at link above)


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects