Macroeconomics

At Any Rate

This week we look at negative rates from a different perspective. Rather than evaluate their effectiveness as a policy tool or their economic impact, we try to answer one question: why would anyone buy a negative yielding bond?

Macroeconomics

Credit Checkup

Corporate bonds have rallied this year, but what that means for the economy is not so simple. We look at different interpretations of the credit rally and how it relates to moves in the equity markets. It’s nice to give credit where credit is due.

Macroeconomics

Non-Essential Oil

Do market prices follow grand economic theories, or is it the other way around? This week we look at how long-term views on oil have been almost as volatile as futures in that commodity.

Macroeconomics

Cut It Out

What is the greatest trick the Fed ever pulled? Convincing the world it doesn’t matter to markets for the next few months. This week we look at how the Fed tried to take some of the attention away from monetary policy at the last meeting.