…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

…to understand why the predominant financial contract is a loan or a bond rather than equity. In fact, we need a clear understanding of the optimal debt/equity ratio for the…

…(purchases minus taxes): $100 million From Private -> Treasury Treasury bond purchases : $100 million Looking back, how would you describe these flows? Are are the bond purchases “funding” the…

…that bond traders pay obsessive attention to everything FOMC members say and it is very possible that the guidance will influence their beliefs, but not those of home builders, potential…

…February in the Supreme Court in Bond v. United States, the wacky case in which a biochemist tried to poison her former friend and current paramour of the biochemist’s husband,…

…began in 1947. Workers’ wages and salaries represent roughly two-thirds of production costs and drive inflation. High inflation is a bondholders’ worst enemy because bonds are fixed-income securities. For example,…

…participants in the bond market—including investors, bond rating agencies, and the utilities themselves— are accounting for growing water scarcity, legal conflicts and other threats in their analyses. Some are even…

…per se do not necessarily prefigure a weaker currency. What does a 10 year Japanese government bond yielding less than 1% tell us about “the markets”? Does it reflect approval…

…is likely to note one bond that defaulted and ask the manager why he bought that bond not the similar one which didn’t default. Letting someone else pool means you…

…stream of maturiing bonds, so there is always a bond 5 minutes from maturity. Well at least one day from maturity. This is not true, at least, of treasury securities…