As the following headline shows, interest rates fell quite sharply on Friday to current cycle lows in the wake of a very weak non-farm employment report.
One can see how inverted the 10-year Treasury note yield has become versus the 3-month T-bill yield in the following chart.
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Jeff Chimenti is a highly accomplished keyboard player who has played with Grateful Dead spin-off bands to great acclaim for a number of years. His background is in jazz and he embarrassingly admits that he never heard the Grateful Dead’s music until he joined Grateful Dead member Bob Weir’s solo band Ratdog.
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Thoughts on the Nature of Mass Movements
While I usually try to avoid controversial subjects because of the emotions that can be stirred, I do feel the need to address the horrific events that took place at in France this week with the slaughter of a dozen people at Charlie Hebdo,
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I spent last week in Israel and it was a fascinating time to be there. It’s always interesting, but it was particularly so this time due to the significant escalation of hostilities in the south of the country as well as that it was coinciding with Israel’s Memorial and Independence Days (no accident I’m sure).
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[Updated: April 13, 2016] I touched on the global markets having a whiff of deflation two weeks ago in this blog. It seems to have picked up speed. Today the Dow dropped by 300 points and 10-year Treasury yields dropped to much lower levels (2.08%) in the wake of a pretty spectacular drop in oil since August but really accelerating in October.
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Steve Schwarzman is the co-founder and Chairman and CEO of Blackstone, which is the largest alternative asset management firm in the world. Schwarzman has built a financial colossus and extraordinarily successful asset management firm that is by far the global leader in alternative investments.
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I have a myriad of reasons for writing my blog week in and week out. One of them is that it can serve as a quasi-diary of my life so that I have something I can turn to remember what was happening in my life and when.
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Marc Andreessen said something in an interview that I have thought a lot about over the years. I have been a big fan of Joseph Campbell who was an expert on myths and deconstructing the hero’s journey into its most important components and structure.
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Every couple has its idiosyncrasies. One of those in my long relationship with Roneet was her insistence every night that we sleep with the portable standing floor fan on no matter how cold it was inside the house. I am pretty sensitive to being cold at night so when she would insist that the fan be on,
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In David Bowie’s song Changes, the protagonist tells himself to “turn and face the strange”. Change is inevitable and in order to drive change or adapt to it, one has to go outside of the comfortable and familiar and take risks.
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