larrygreenberg @ May 13, 2013 # Comments Off
Equities and bonds are reacting adversely to a WSJ article on May 10, claiming that Fed officials are starting to plan for phased reductions in monthly asset purchases (i.e., the third round of quantitative easing) but still undecided about exact timin…
larrygreenberg @ April 30, 2013 # Comments Off
The yen weakened additionally in April, but the dollar failed to catapult above the key JPY 100 level. The dollar fell against European currencies, most commodity-sensitive currencies and the Chinese yuan. A more aggressive-than-anticipated…
larrygreenberg @ March 30, 2013 # Comments Off
Short-term interest rates remained ultra-low in the first quarter of 2013. The Federal Reserve retained an aggressive program of quantitative easing, while the Bank of Japan prepared to undertake an even more forceful monetary stimulus under new …
larrygreenberg @ March 1, 2013 # Comments Off
During February, commodity prices and sovereign debt yields fell, while the dollar advanced pretty much across the board. Three-month deposit rates stayed very low and edged marginally downward in some cases. Equities rose on balance but no…
larrygreenberg @ January 31, 2013 # Comments Off
The euro strengthened against most currencies in January including the Swiss franc and sterling but especially versus the yen. Shifts in Japanese macroeconomic policies and the weakness of the yen gave a big lift to Japanese equities. Other…
larrygreenberg @ November 30, 2012 # Comments Off
Ten-year yields fell in November, whereas short-term rates were steady. The dollar hardly changed on balance except in the case of the yen, which appreciated 3.3%. U.S. equities under-performed other stock markets. Japan’s Nikke…
larrygreenberg @ November 3, 2012 # Comments Off
The 10-year minus 3-month yield curve flattened last month. Ahead of the election in early November, U.S. equities performed worse than stocks in other countries. The yen and Canadian dollar underperformed other major currencies, and the yu…
larrygreenberg @ September 29, 2012 # Comments Off
Aided by monetary stimulus, most long- and short-term interest rates fell during the third quarter including in September. Impressive stock market rallies happened in 3Q except in Japan where the Nikkei lost 1.5% on balance. The dollar fell…
larrygreenberg @ September 1, 2012 # Comments Off
Commodity prices rose sharply, and equities advanced more moderately in August. The yield spread widened, while the dollar experienced mixed results, falling against key European currencies and the Canadian dollar, advancing versus the Aussie and…
CalculatedRisk @ December 8, 2011 # Comments Off
The Federal Reserve released the Q3 2011 Flow of Funds report today: Flow of Funds.
The Fed estimated that household net worth declined $2.4 trillion in Q3. Household net worth peaked at $66.8 trillion in Q2 2007, and then net worth fell to $50.4 t…