The Debt/GDP Ratio Is NOT Useful. What You Need To Know 5
Japanese Government Bonds are an important source of repo collateral – they serve a purpose beyond the considerations of debt sustainability & coupon payments.
The Debt/GDP Ratio Is NOT Useful. What You Need To Know 4
Low interest rates don’t mean that creditors will keep lending to a country. So why are creditors willing to roll over Japan’s debt at ultra low interest rates?
The Debt/GDP Ratio Is NOT Useful. What You Need To Know 3
There is another reason interest expense must be used when understanding debt sustainability – defaults occur when one fails to make interest payments.
The Debt/GDP Ratio Is NOT Useful. What You Need To Know 2
What are measures of stock and flow, and how are they pertinent to understanding the limitations of the Debt/GDP ratio?
The Debt/GDP Ratio Is NOT Useful. What You Need To Know 1
The Debt/GDP ratio is the conventional way of gauging a country’s ability to repay its debt. However, just because everyone uses i9t doesn’t make it useful.
What Lies Behind A Flash Crash: Gold 2
What if the flash crash in gold has nothing to do with gold at all? How would this be possible, and what sequence of events would have to occur? Let’s find out.
What Lies Behind A Flash Crash: Gold 1
Gold “Flash crash” makes for an excellent headline, but only conveys a superficial understanding of the situation. What’s really behind gold’s flash crash?
June CPI: Warning Of Stagflation
Another month, another red hot CPI reading, which has added even more fuel to inflation hysteria. However, the CPI’s component data tells us differently.
Unemployment Rate Positives In May
While last Friday’s US Jobs Report did not produce a headline number that met expectations, it did record encouraging signs of improvement in the labor market.
Record Inflation? Bond Yields Disagree
Core PCE has come in at an almost 30 year high. While this adds even more fuel to the popular “economy is overheating” narrative, what do markets make of it?
