tag:blogger.com,1999:blog-5908830827135060852.post2823624627420184674..comments2024-03-01T02:40:14.946-05:00Comments on Bond Economics: Fixed Income Database Expert List (And Bund-ageddon!)Brian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5908830827135060852.post-62509928883109704862015-06-20T17:13:49.480-04:002015-06-20T17:13:49.480-04:00Thanks!Thanks!Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-86808697084317322302015-06-20T16:38:54.054-04:002015-06-20T16:38:54.054-04:00Congrats on getting named one of the '10 Fixed...Congrats on getting named one of the '10 Fixed Income Experts Worth Following', that's pretty impressive.Anonymoushttps://www.blogger.com/profile/16305029751936757295noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-16957064511818953282015-05-13T16:54:20.142-04:002015-05-13T16:54:20.142-04:00This comment has been removed by the author.Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-516467925295934162015-05-13T13:32:10.930-04:002015-05-13T13:32:10.930-04:00Congratulations on the recognition as a top fixed ...Congratulations on the recognition as a top fixed income expert. You are certainly my go to person in this field.Detroit Danhttps://www.blogger.com/profile/03718490473585220856noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-25509206719093963932015-05-08T17:06:00.657-04:002015-05-08T17:06:00.657-04:00A while ago, before studying the mechanics of Fed ...A while ago, before studying the mechanics of Fed and bank interactions, I made informal observations of co-movement (coupling) of stock and bond returns. As I recall, in general, during periods of economic expansion returns on stocks and bonds are coupled, so it looks like a positive-sum game. However, at other times, the returns decouple, so it looks like markets are playing a zero-sum game. I suspect it is the expansion of government and/or financial intermediary balance sheets driving the positive sum game.Joe Leotehttps://www.blogger.com/profile/01292763300917387201noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-74737771506385157852015-05-07T14:48:24.506-04:002015-05-07T14:48:24.506-04:00The thinking around "money on the sidelines&q...The thinking around "money on the sidelines" is often sloppy. All that happens is that there is a reallocation amongst investors of assets - unless someone borrows to buy investments, in which case balance sheets are grown.<br /><br />What "buying pressure" does is cause a relative price shift in favour of what is being bought. Since for every buyer there is a seller, it's not a case of "more buyers than sellers".Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-45670830147129043642015-05-07T14:17:01.059-04:002015-05-07T14:17:01.059-04:00Brian,
Don't pundits generally express the wr...Brian,<br /><br />Don't pundits generally express the wrong concept of money flow into investments in equity and fixed income markets, rather than flowing through the transactions, and remaining money on the books of the aggregate bank?<br /><br />So when a surplus condition occurs in equity markets the price of equities averages down on an increase in volume. This transfers money to some former owners of stock and stock to new buyers at lower prices. If the money next attempts to flow into and trough the bond markets, what happens to the bond price and bond yields, noting that the money cannot be anything but money unless a bank makes a deal with a nonbank to convert money into interest-bearing bank liabilities or bank equity?Joe Leotehttps://www.blogger.com/profile/01292763300917387201noreply@blogger.com