…somewhat reassured bond investors that its population will continue to sullenly acquiesce in austerity; as a result, Irish 10-year rates, while still at a large premium, are now 60-80 basis…

…here hinges on the word “spend,” and on the hidden assumption that “spending” on stock or bond purchases is equivalent to spending on carpenters or clams. (I sure wish “oyster”…

…crisis. Lehman’s failure did not, however, cause the crisis. … The low rates had sent bond managers scrambling for higher-yielding fixed-income paper. They found that yield in securitized subprime mortgages,…

…unconventional monetary policy has been moderately effective and has its limitations. For example, the forward-guidance communication of the Fed has had problems by affecting outside bond rates. He acknowledges an…

…is many times greater than the money in the capital market.) However, capital income controls the bond market, so interest rates fell. The result was that either prices or real…

…Buy CDS on a bond, and then bribe the borrower to temporarily default. This is like taking out insurance on your neighbor’s car and bribing him to get in an…

…lower taxes because other countries are buying its bonds. Then we can suppress real wages, because savings from labor is no longer needed. But then from another perspective, did imports…

…the part of the rich to drive all asset yields down. Yet what we have seen has been a steep, prolonged fall in Treasury bond yields while stock-market equity yields…

…has been a steep, prolonged fall in Treasury bond yields while stock-market equity yields have plateaued at about 5%/year. (I replied to this here.) Jared Bernstein [and Paul Krugman, channeled…

…the economy is genuinely slowing down. Here is a tweet from Edward Harrison… Lower equities, lower oil, lower copper, lower bond yields, flattening yield curve says economic weakness, not just…