| 1 |
Prolonged stimulus paves way for wealth redistribution |
| 2 |
Kekselias portfolio one-year return: 51.5% |
| 3 |
Common catalyst for progressive and conservative populism |
| 4 |
Kekselias performance review: 1.31% ytd total return |
| 5 |
Roundabout path in the snap-back of long-term bond yields |
| 6 |
Calm before the storm as quant**ative tightening looms |
| 7 |
Alternative narrative on the natural rate of interest |
| 8 |
Flatter yield curve a symptom of ineffective tightening |
| 9 |
Bond market term premium and wolves of yellowstone |
| 10 |
How we learned to stop worrying and love the “fake markets” |
| 11 |
Qe’s distributional effects a rising political liability |
| 12 |
Persistent low volatility threatens active fund managers |
| 13 |
Looming risks through the prism of bifurcated housing market |
| 14 |
Financial risk contagion: china’s capital outflow |
| 15 |
November pce: dollar strength weighed on goods inflation |
| 16 |
A less-hawkish interpretation of the december fomc |
| 17 |
November payrolls and governor powell on risk management |
| 18 |
November fomc minutes and debates behind guidance change |
| 19 |
October payrolls: decent data with stronger wage growth |
| 20 |
November fomc: forward guidance and the return of “some” |
| 21 |
September pce: goods and energy inflation lead the index |
| 22 |
September payrolls: signs of tighter labor market slack |
| 23 |
September fomc: cautious hold |
| 24 |
Higher return for savers: a path toward higher investment |
| 25 |
August cpı: strength in medical and shelter inflation |
| 26 |
August payrolls: softer gains with limited policy impact |
| 27 |
July fomc minutes: data in focus as brexit concerns fade |
| 28 |
July cpı: softer energy offset firmer medical care prices |
| 29 |
June jolts: a small rebound in vacancy and hire rates |
| 30 |
July payrolls: beyond the shadows of may |
| 31 |
June pce: softer readings as durable goods weigh |
| 32 |
July fomc: a less-dovish pivot as communicated |
| 33 |
June payrolls: policy concerns ease |
| 34 |
June fomc minutes: uncertainties at home and abroad |
| 35 |
May pce: services strength amid softer goods inflation |
| 36 |
Yellen’s humphrey hawkins: cautious policy, reiterated |
| 37 |
May cpı: continued strength in services inflation |
| 38 |
June fomc: cautious policy amid macro uncertainty |
| 39 |
April jolts: unexpected weakness in business services |
| 40 |
Yellen on “considerable and unavoidable uncertainties” |
| 41 |
May payrolls: policy normalization, interrupted |
| 42 |
April pce: strong gains in energy and goods |
| 43 |
Yellen and a cautious path to higher rates |
| 44 |
President dudley and financial conditions |
| 45 |
April fomc minutes: signaling for june |
| 46 |
Above consensus april cpı led by energy and oer |
| 47 |
Job polarization through the lens of march jolts |
| 48 |
April payrolls and the “dudley surprise” |
| 49 |
Strong april ısm nmı offset below-consensus adp |
| 50 |
Below-consensus ısm manufacturing despite weaker dollar |
| 51 |
March pce and headwinds to a june rate hike |
| 52 |
April fomc: concerns ease over global risk factors |
| 53 |
Unintentional costs of ultra-easy monetary policy |
| 54 |
March cpı: below consensus as major indices retreat |
| 55 |
March fomc minutes: divisions within the committee |
| 56 |
Data recap: march ısm and february jolts |
| 57 |
March payrolls: higher partic****tion and wage growth |
| 58 |
Chair yellen and board of governors’ reaction function |
| 59 |
February pce: inflation cools following prior rise |
| 60 |
March fomc: cautiousness despite rising inflation |
| 61 |
February cpı: the rise of core inflation |
| 62 |
Fed communication and market recap ahead of march fomc |
| 63 |
February payrolls: a deep dive into the employment report |
| 64 |
February ısm: services cool as manufacturing stabilize |
| 65 |
President dudley’s speech at the pboc-frbny symposium |
| 66 |
Governor brainard on inflation and policy coordination |
| 67 |
January pce: services inflation surge as energy stabilize |
| 68 |
January cpı: rebound across sectors |
| 69 |
January fomc minutes: uncertainty and downside risk |
| 70 |
Why did boj introduce negative rates instead of more qe? |
| 71 |
美國2016年半年度貨幣政策報告:“觀察等待” |
| 72 |
February 2016 monetary policy report: “watchful waiting” |
| 73 |
十二月職位空缺和勞動力流動調查: 勞工市場有緊縮的跡象 |
| 74 |
December jolts: further tightening of labor market slack |
| 75 |
美國2016年一月就業報告:招聘降低,勞工市場“鬆弛”有所改善 |
| 76 |
January nfp: tighter labor market slack vs. slower hiring |
| 77 |
January ısm recap: weakness continues |
| 78 |
Fomc’s maximum employment mandate and equity valuation |
| 79 |
December pce and the curious case of durable goods |
| 80 |
Did federal reserve’s easy policy create distortions? |
| 81 |
Will the j***anese yen see further depreciation? |
| 82 |
Fomc recap: dovish statement and “symmetric” objective |
| 83 |
Why would falling oil prices induce an equity rout? |
| 84 |
December cpı: inflation amid weakness in yuan and oil |
| 85 |
January fomc communication wrap-up |
| 86 |
How much did the chinese yuan actually depreciate? |
| 87 |
Dec 2015 payrolls: strong hiring vs. soft wage growth |
| 88 |
December fomc minutes: policy reaction function in focus |
| 89 |
December ısm non manufacturing ındex |
| 90 |
Fannie and freddie’s credit risk transfer derivatives |
| 91 |
November pce: the energy drag persists |
| 92 |
Federal reserve’s on rrp: 3 days later |
| 93 |
What were market reactions during past hiking cycles? |
| 94 |
What would happen if central banks cease to exist? |
| 95 |
ıs it possible for fed to lower rates in 2016, and how? |
| 96 |
What is fed’s mechanism to control interest rates? |
| 97 |
ıs larry summers right that the rate hike is premature? |
| 98 |
December fomc: “end of an extraordinary 7-year period” |
| 99 |
November consumer price ındex (cpı): mostly on-consensus |
| 100 |
Where do central banks get their funding? |
| 101 |
How do investment funds manage liquidity risk? |
| 102 |
U.s. housing market and fed’s policy normalization |
| 103 |
October jolts – a look at labor market flows |
| 104 |
Would germany see a***et inflow after an euro collapse? |
| 105 |
Federal reserve code of conduct and nonpublic information |
| 106 |
The relations***p of inflation expectations vs. rates |
| 107 |
What makes a fomc meeting “live meeting?” |
| 108 |
How powerful is the u.s. speaker of the house? |
| 109 |
What are possible effects of market based interest rates? |
| 110 |
November payrolls (dec 4th) – looking beyond 2015 |
| 111 |
The “lockup” process for fed policy and data releases |
| 112 |
What were the main drivers of recent us job growth? |
| 113 |
Federal reserve’s policy tools and their efficacy |
| 114 |
Will the fed raise rates in december or march 2016? |
| 115 |
Federal reserve communications roundup (dec 2nd) |
| 116 |
Do banks benefit from higher interest rates? |
| 117 |
What were historic drivers for dollar valuation? |
| 118 |
How will yuan’s sdr inclusion affect renminbi debt issuance? |
| 119 |
Why is the consumer price ındex important? |
| 120 |
ıs the federal reserve able to directly purchase t bills? |
| 121 |
What is the difference between ımf, world bank and fed? |
| 122 |
What is fed chair yellen’s monetary policy? |
| 123 |
What is janet yellen like in person? |
| 124 |
What are ways to establish interest rates exposure? |
| 125 |
Why doesn’t goldman sachs provide free food for staff? |
| 126 |
October personal consumption expenditures (pce) |
| 127 |
Why doesn’t financial repression lead to a***et outflows? |
| 128 |
Should the fed raise interest rates in december? |
| 129 |
What’s the difference between forth and third market? |
| 130 |
What are two main catalysts for usdcad? |
| 131 |
Why won’t the federal reserve support debt monetization? |
| 132 |
How do traders and portfolio managers manage risk? |
| 133 |
Does fiscal austerity negate the effectiveness of qe? |
| 134 |
Should the federal reserve follow taylor rule? |
| 135 |
Why is fixed ıncome important? |
| 136 |
October fomc minutes – policy summary |
| 137 |
What values do buy side traders add? |
| 138 |
What role does trading serve in the financial system? |
| 139 |
How does bank of england’s mpc differ from fed’s fomc? |
| 140 |
October consumer price ındex and fed policy ımplications |
| 141 |
How does the fed manage banknotes in circulation? |
| 142 |
What is monetary policy autonomy? |
| 143 |
Why did swap spreads turn negative (late 2015)? |
| 144 |
Who is responsible for oversight of the federal reserve |
| 145 |
ıs financial engineering useful? |
| 146 |
ıs quant**ative easing reversible? |
| 147 |
What is the new york fed markets group? |
| 148 |
How does microlending reduce poverty? |
| 149 |
Will low inflation delay federal reserve’s “liftoff?” |
| 150 |
What is behind some global macro funds’ poor performance? |
| 151 |
What would lead to the next major systemic disruption? |
| 152 |
October payrolls (nov 6th) and fed policy implications |
| 153 |
What do sell side traders do? |
| 154 |
What is fixed income trading? |
| 155 |
What are strength and weakness of bitcoin? |
| 156 |
ıs dollar strength good or bad for the us economy? |
| 157 |
How does the federal reserve measure productivity? |
| 158 |
What are the challenges faced by the financial industry? |
| 159 |
Who were behind the federal reserve act (1913)? |
| 160 |
What are alternative investment strategies? |
| 161 |
High frequency trading – what are the pros and cons? |
| 162 |
What are janet yellen’s strengths as the fed chair? |
| 163 |
What are examples of policy-induced financial distortion? |
| 164 |
Why has disinflation prevailed despite money-printing? |
| 165 |
Are bankers unfairly vilified by the media? |
| 166 |
Why do yield curves flatten during period of deflation? |
| 167 |
What are some helpful economic indicators? |
| 168 |
Which part of the treasury curve is most important to bond investors? |
| 169 |
Are central banks responsible for credit cycles and credit crises? |
| 170 |
How did federal reserve’s qe expand its balance sheet? |
| 171 |
What are negative effects from the fed’s “ultra-expansionary monetary policy” |
| 172 |
Does the european central bank replace the functions of eurozone national central banks? |
| 173 |
Does the federal reserve “need” to begin policy normalization? |
| 174 |
What monetary tools can the fomc use to fight the next recession? |
| 175 |
What does a typical day on a trading desk look like? |
| 176 |
Has real income been gradually rising in the u.s.? |
| 177 |
How essential was germany to the creation of the european union? |
| 178 |
What is ımf’s sdr (special drawing rights)? |
| 179 |
What are the best investments during a severe stock market downturn? |
| 180 |
What were the factors behind “greenspan’s conundrum?” |
| 181 |
Did the ultra-stimulative monetary policy contribute to the energy crash? |
| 182 |
Why are long-term interest rates harder to control compared to short-term interest rates by a monetary authority? |
| 183 |
Why does bridgewater all weather strategy need to be implemented with leverage? |
| 184 |
How much has global money supply grown since the 2008 financial crisis? |
| 185 |
Why is goldman sachs so pop****r? |
| 186 |
Why is the 2-year treasury note more sensitive to fed policy than t-bills? |
| 187 |
Why is matlab so pop****r? aren’t there suitable alternatives for engineers and scientists? |
| 188 |
To which school of economic thought does pboc (people’s bank of china) governor zhou xiaochuan belong to? |
| 189 |
How do investors ensure best execution when trading bonds over-the-counter (otc)? |
| 190 |
What are the factors that guide the federal reserve in adjusting monetary policy? |
| 191 |
What is the federal reserve and what does it do? |
| 192 |
As of late 2015, which central banks are engaged in quant**ative easing? |
| 193 |
What is the day to day workflow of a fixed income buy-side trader versus a sell-side trader? |
| 194 |
Why are some a***et managers referred to as non-banks? |
| 195 |
Has the federal reserve stopped buying bonds? |
| 196 |
What is the difference between ındia’s wpı and cpı, and why does it matter to reserve bank of ındia policymakers? |
| 197 |
Can the federal reserve effectively drain liquidity and push up interest rates? |
| 198 |
How did the subprime mortgage crisis onset a global recession? |
| 199 |
How large is the energy economy in terms of world gdp? |
| 200 |
Latest articles |
| 201 |
Expertise |
| 202 |
Services |
| 203 |
About us |