Who Will Suffer From A Leveraged Credit Shakeout?

Submitted by Charlie Hennemann via CFA Institute blog,
Of all the noteworthy moments from the 2014 CFA Institute Fixed-Income Management Conference, the bombshell may have been the default call from Martin S. Fridson, CFA.
Fridson, CIO at Lehmann Livian Fridson Advisors, has been a leading figure in the high-yield bond market since it was known as th…

The Fed’s Term Deposit Facility comes of age

As discussed earlier (see post), the US monetary base had stopped growing in July and is now in fact lower than it was over the past few months.Given that the securities purchases continued through October, the flattening of the monetary base was the result of the Fed “draining” some of the reserves. Most of that was due to the reverse repo program (…

Meanwhile, The French Are Revolting…

Amid record unemployment, even recorder youth unemployment, and politicians willingly breaking EU treaties (with apparently no consequences), it appears – just as in the US – police brutality in France was the straw that broke ‘Le Camel’s back. As RT reports, another anti-police brutality protest turned violent in the French city of Rennes, with mask…