Tag Archive: output

Stagnation Never Looked So Good: A Peak Ahead

2020-03-21

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2020-03-21

Germany ZEW Financial Market Survey, 2006-2020
Forward-looking data is starting to trickle in. Germany has been a main area of interest for us right from the beginning, and by beginning I mean Euro$ #4 rather than just COVID-19. What has happened to the German economy has ended up happening everywhere else, a true bellwether especially manufacturing and industry.

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Brazil’s Reasons

2017-07-02

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2017-07-02

Brazil Eurodollar University
Brazil is another one of those topics which doesn’t seem to merit much scrutiny apart from morbid curiosity. Like swap spreads or Japanese bank currency redistribution tendencies, it is sometimes hard to see the connection for US-based or just generically DM investors. Unless you set out to buy an emerging market ETF heavily weighted in the direction of South America, Brazil’s problems can seem a world away.

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Deciphering Curves

2017-06-18

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2017-06-18

RHINO Curves, April 2008 - June 2017
What is the yield curve supposed to look like? It’s a simple question that doesn’t actually have an answer. And because it doesn’t, there is a whole lot of confusion about bond yields.

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