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Jan 08 2014

A Taper & Hibernating Bears

  • Jan 8, 2014

The rise in interest rates after the taper was on the back of low liquidity around the holidays. 3% is a pretty strong upper bound for the 10-year, and a failure to stay above this level will probably see a re- test of the 275 level in the near term. 

Dec 06 2013

The Dual Mandate Presents A Clear Dilemma For The Fed

  • Dec 6, 2013

The “dual mandate,” which means the Fed is paying close attention to both inflation and employment, presents a clear dilemma for the Fed when it comes time to decide on a taper.

Feb 02 2010

Liquidity Drying Up… Some Trends Worth Watching

  • Feb 2, 2010

Our broad read of the stock market is still bullish, but we can’t help noticing that the concerted effort to supercharge the economy via liquidity may be losing some steam.