Author: Andrew Horowitz

NASTY: 30 Year Bond Auction Is Not Pretty

Make any excuse you want, the fact is that there is a simple reason why there was a poor showing for the 30 year auction: Less people want the product at previously paid prices. Translating that is also rather simple: A downgrade of the credit rating of the U.S. along...

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EuroBanks – Have You Seen The Carnage?

European banks are in bad shape – and this is being VERY kind. With all of the problems that the sovereign nations are facing, the stress on the banks has been increased. Austerity is by far not a good solution for the banking industry. A sovereign default is definitely not...

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FED Statement – Side By Side Comparison (Not Pretty)

Many subtle changes to the outlook. Often times the FED is a great cheerleader for the economy, but this time it is apparent that they have no good news to share. Keeping rates at historically low levels through until at least 2013 was reason to both cheer and worry. In...

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China’s Inflation Predicament – No Easy Way Out

China’s CPI (inflation rate) moved ahead of analysts expectations. The Chinese government has been tightening rates and reining in speculative property purchases as they have a very serious inflation problem. Remember, they dropped the mother load of stimulus two years ago that began a rapid expansion of the economy. The...

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