Chairman Powell Letting Loose in Jackson Hole

Can the Fed Keep Mortgages Propped??

Avoiding Agency Mortgage Allocations in our Models We’ve been saying since the middle of last year that the percentage of total returns in fixed income coming from price return wouldn’t likely be the same into the future. Interest rates have nosedived lower following...
Chairman Powell Letting Loose in Jackson Hole

What Bonds Do You Own?

The mathematics of compounding: big losses are essentially ALL that matter to your rate of compounding, not the small losses—and not even the big or small gains. The big losses literally destroy your geometric returns and, equivalently, your wealth, through what I...
Chairman Powell Letting Loose in Jackson Hole

The Fed Bazooka

Originally posted at The Backcourt Report…                                                                               Source: Businessinsider.com The Fed has taken drastic measures attempting to fight against the economic implications from the COVID-19...