tag:blogger.com,1999:blog-6616959642391988608.post4278452834640373870..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Chemical activity hits a new highScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-6616959642391988608.post-49020172191089499922016-08-21T11:00:42.915-07:002016-08-21T11:00:42.915-07:00Essay writing is an academic activity that aims to...Essay writing is an academic activity that aims to hone students’ writing skills. With its complex process, writing essays enables the writer to explore a topic in depth. See more <a href="http://www.knowledgeskillsabilities.com/knowledge-skills-and-abilities-sample/" rel="nofollow">knowledge skills abilities samples</a><br />Anonymoushttps://www.blogger.com/profile/15658152316709205819noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8863379661131409352016-08-07T07:05:29.473-07:002016-08-07T07:05:29.473-07:00Add on:
Many observers say central banks have lit...Add on:<br /><br />Many observers say central banks have little control over longer-term interest rates. Japanese 10-year and 20-year bonds are selling for negative rates or right on the line. <br /><br />In this case, the Bank of Japan is not dictating negative rates; it is the market that is settling on negative rates. <br /><br />In the US, the 10-year US Treasuries are still positive, but Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40793799673042449112016-08-07T06:32:10.546-07:002016-08-07T06:32:10.546-07:00Matthew:
I think the Fed has a large degree of in...Matthew:<br /><br />I think the Fed has a large degree of independence. The Reaganauts went after Volcker hammer-and-tong, but could not get him to ease up much. Reagan appointed three members to the FOMC who famously outvoted Volcker once in favor of easing--and Volcker threatened to resign. They backed down, and Volcker prevailed. <br /><br />Obama is worse---he appears clueless about Fed Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-39091611405264486012016-08-07T05:40:15.347-07:002016-08-07T05:40:15.347-07:00Put aside the idea that the Fed wants to RAISE the...Put aside the idea that the Fed wants to RAISE the rate of IOER. Why is there IOER at all? This has never made any sense to me (from a policy perspective). That is, if you want the banks to actually lend why would you incent them, via IOER, to not lend?<br /><br />Since we've had this policy for a long time now, the answer must lie somewhere else. Could it be that the Fed grew frustrated Grechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5798715384477507642016-08-07T03:53:39.103-07:002016-08-07T03:53:39.103-07:00Benjamin,
an excellent argument. I already had for...Benjamin,<br />an excellent argument. I already had forgotten that fact. Tx.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5399995700383279232016-08-06T20:49:32.717-07:002016-08-06T20:49:32.717-07:00Endzeit14, I'm not sure if this article from a...Endzeit14, I'm not sure if this article from a few years ago contains anything new to you...anything "Japan" is all very confusing to me, but here you go:<br /><br />"The Japanese situation is all about policy rates, expected future policy rates, expected inflation and currency depreciation. <br /><br />It’s not about bond vigilantes forcing a sovereign currency issuer to pay Unknownhttps://www.blogger.com/profile/08980937836132071634noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68137861550063153402016-08-06T17:30:01.975-07:002016-08-06T17:30:01.975-07:00Endzeit14 and Scott--
On the other hand, I have re...Endzeit14 and Scott--<br />On the other hand, I have read that within two years the bank of Japan will own nearly all the Japanese government bonds on the market.<br /><br />So taxpayers will pay taxes to pay interest on government bonds, which will flow back into government coffers.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63372210280133514252016-08-06T09:22:24.894-07:002016-08-06T09:22:24.894-07:00I'm mainly concerned about negative interest r...I'm mainly concerned about negative interest rates that are used in lieu of more traditional methods of monetary stimulus. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52405179768861829362016-08-06T04:51:05.249-07:002016-08-06T04:51:05.249-07:00Scott,
do you know Kyle Bass' opinion on the J...Scott,<br />do you know Kyle Bass' opinion on the Japanese Bond bubble? IIRC if they would rise only 200 BP Japanes interest payments on its debt would already exceed all taxes - Japan would be finished.<br />I believe rising rates without inflation going higher, is the last thing the Japanese establishmend wants. <br />Why aren't you concerned about raising rates in Japan?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79721155906100962402016-08-05T22:15:45.553-07:002016-08-05T22:15:45.553-07:00Some idle speculation: Okay, the Fed wants to rais...Some idle speculation: Okay, the Fed wants to raise rates, and talks about raising rates at every opportunity. It is rare to see true happiness in this world, but the look on a central banker's face when a rate hike is announced is close.<br /><br />Now, of course, the Fed pays 0.50% on excess reserves to banks. The banks are getting paid to not do anything, and not make loans. <br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74275681706474448732016-08-05T21:17:00.700-07:002016-08-05T21:17:00.700-07:00I'd like to think so but I have the wrong abou... I'd like to think so but I have the wrong about bonds for many years so I'm suitably humble. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34413164633486969042016-08-05T21:11:33.276-07:002016-08-05T21:11:33.276-07:00Scott, do you think the sudden rise in Japanese bo...Scott, do you think the sudden rise in Japanese bond yields could be the start of a global bond trend change ? Thanks.Robhttps://www.blogger.com/profile/16062180895899998738noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4239088360230834222016-08-05T17:15:40.440-07:002016-08-05T17:15:40.440-07:00Great charts.
The US economy still gets but a &qu...Great charts. <br />The US economy still gets but a "gentleman's C" from me.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com