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FRB Chair Powell testifies to Congress about the state of the economy. I am certain he will discuss the coronavirus and its possible implications. Perhaps the safest comment to make is no one knows the outcome and there is not a shortage of...

Last year at this juncture the 10-year was yielding around 3.25% and consensus was expecting the 10-year Treasury to broach 4% sometime in 2019 as the Fed continued with its anticipated tightening cycle of an additional 50-75 basis points. In reality the 10-year fell ...

I am ardent believer in the phrase it is not what one does but rather why one does it. I am also an ardent believer in the philosophy that norms and means are significant and are important to understand where one might be going...

Tonight is the fourth Democratic debate cohosted by CNN and the New York Times. I do not think it is a political statement to make the current slate of candidates is the furthest left ever fielded. ...

Two consistent themes of these remarks are negative interest rates and the transition of funds back to Main Street from Wall Street. ...

Many times I have commented about the imbalances of today’s markets, a viewed now shared by many including several regulatory agencies including the SEC. This view has not yet made into the mainstream but I ask is this about to change. ...

Yesterday a veteran market professional commented “experience and common sense seem to be useless commodities in the world today.” I cannot agree more with this statement especially regarding the amount of negative interest rate debt outstanding…$12.5 trillion. The amount of negative real interest rate debt...