asset inflation

Greenspan’s Market Persists

By Jeffrey P. Snider|2013-05-22T15:52:54-04:00May 22nd, 2013|Federal Reserve/Monetary Policy, Markets|

I wanted to concur but take Joe's weekend proposition in a slightly different direction. I think it is relatively clear that the Federal Reserve and Chairman Bernanke are intentionally hinting at “tapering” QE purchases in order to “talk the market down”. There are a lot of similarities between the monetary communications right now and 1996 when Alan Greenspan famously appealed [...]

Revisiting Dot-com Exuberance

By Jeffrey P. Snider|2013-05-08T20:52:16-04:00May 8th, 2013|Markets|

Our friend and colleague Eric Hull pointed out that NYSE margin debt was just a hair below record levels in March (the latest figure available), at $379 billion. Eric also noted that the past two peaks in NYSE margin debt have corresponded with 3-5 months of additional “exuberance” (given the persistence of QE’s in this climate, I would argue that [...]

Stay In Touch

Contact