Economic Insights

With the Federal Reserve (Fed) set to meet next week some investment banks have come out ahead of the meeting predicting at least three rounds of rate cuts by January 2020.

One of the major contributors to the 2008 credit crisis/financial crisis was the collapse of non-agency mortgage backed securitizations. In its aftermath, the business of non-agency mortgage origination and securitization by U.S. investment banks virtually ceased to exist.

While the risk of another consumer credit meltdown might be rising, the structure of the consumer credit market, particularly with respect to residential mortgage backed securities (RMBS), is fundamentally less vulnerable than it was in the 2005-2008 period.

Yields on McDonalds’ Euro-denominated bonds recently joined European sovereign debt in negative territory. It’s a headline writers dream (juicy burgers, not yields…customers and investors...

Last week’s fears of global recession herald the late stages of Trump’s trade war. It’s already possible to see the outlines of a triumphant...

Yesterday’s White House announcement that newly imposed tariffs on Chinese goods would be delayed three months sent stocks higher. The trade dispute hasn’t hurt...