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Tschurin

Tschurin
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  • Accidentally released Fed staff projections have dovish tilt [View news story]
    I'm not an FOMC expert but as far as I can tell above synopsis is misleading as it suggests that the Fed staff's economic projections are only available with a five-year delay. Much of the staff views on the economy, including inflation, are published in the meeting minutes, several weeks after the meeting, under the heading "staff economic outlook." For instance the minutes for June 16-17 meeting show that the staff view of inflation is as follows: "The staff's forecast for inflation in the near term was little changed, and it was unrevised over the medium term. Energy prices and non-oil import prices were expected to begin steadily rising next year, but the staff projected that inflation would continue to be below the Committee's longer-run objective of 2 percent over 2016 and 2017. However, inflation was anticipated to reach 2 percent thereafter, with inflation expectations in the longer run assumed to be consistent with the Committee's objective and slack in labor and product markets projected to have waned". The sole item perhaps not typically known is their forecast of the fed funds rate.
    Jul 24, 2015. 02:23 PM | 6 Likes Like |Link to Comment
  • Comcast launches Stream video service for its cord-cutter customers [View news story]
    Jason - Thanks for helping me understand the gist of this move by Comcast.
    Jul 13, 2015. 12:34 PM | Likes Like |Link to Comment
  • Comcast launches Stream video service for its cord-cutter customers [View news story]
    As a Comcast cable customer who gets ESPN as part of my cable package, I'm able to watch ESPN on my computer for free. That may be true for some other cable channels as well.
    Jul 13, 2015. 08:56 AM | Likes Like |Link to Comment
  • Eurozone bonds shaken by Greek turmoil [View news story]
    Or perhaps that the Greeks will stick it to the Germans but pay back everyone else? Or that they will exit the EMU but still use the Euro as their default currency? Just speculating...
    Jun 29, 2015. 11:52 AM | Likes Like |Link to Comment
  • Eurozone bonds shaken by Greek turmoil [View news story]
    I claim no expertise on European sovereigns, but I find it interesting that the yield on 10-yr Greek bonds is only 14.63%. Does that suggest the bond market still doesn't believe the Greek government will default on its obligations and leave the Euro zone?
    Jun 29, 2015. 09:00 AM | Likes Like |Link to Comment
  • Government opens door to more student-debt forgiveness [View news story]
    I believe law schools have also been shown to have misrepresented their job placement rates. I wonder if that debt be forgiven as well.
    Jun 9, 2015. 10:00 AM | Likes Like |Link to Comment
  • Global airline ETF set to launch [View news story]
    Dear Editor: I think you got your information wrong. It's ancillary revenue [e.g., baggage fees, in-flight meals, etc.] that was $31.5 billion in 2013, up from $2.5 billion in 2007. See the "research" tab at the U.S. global website.
    Apr 25, 2015. 07:35 PM | 2 Likes Like |Link to Comment
  • More challenge Verizon's new TV bundles [View news story]
    This is a perfect example of why the Comcast Time-Warner merger should be blocked. Vertically integrated, owning both cable programing and the cable distribution system, Comcast tries to stop any innovation that threatens the over-priced bundled program offering it controls. If the merger were to go through, Comcast would have even more power to stifle improved consumer options.
    Apr 22, 2015. 09:08 AM | 6 Likes Like |Link to Comment
  • Draghi: Euro is irrevocable despite Greek problems [View news story]
    It remains to be seen whether they are linked.
    Apr 19, 2015. 02:59 PM | 2 Likes Like |Link to Comment
  • Draghi: Euro is irrevocable despite Greek problems [View news story]
    Speaking of London...does anyone have any good guesses on what impact the UK election in a few weeks will have on the markets?
    Apr 19, 2015. 11:47 AM | 1 Like Like |Link to Comment
  • Draghi: Euro is irrevocable despite Greek problems [View news story]
    @leopardtrader.
    Enjoy your articulate point of view, as always, but I wonder if the markets are a better oddsmaker than your "0.0000000001%" assessment. As you probably know, the yield on the 10-yr Greek sovereign rose 166 basis points last week to 12.9%.
    Apr 19, 2015. 11:41 AM | 1 Like Like |Link to Comment
  • Switzerland first to issue 10-year debt with negative yield [View news story]
    One could say that government bonds are increasingly functioning as a safe deposit box, with the negative yield serving as the annual safe deposit box fee.
    Apr 8, 2015. 08:20 AM | 6 Likes Like |Link to Comment
  • Job gain of just 126K in March [View news story]
    How many employers will continue filling vacant job positions if the Fed Funds rate target goes up by 25 or 50 basis points? Just about everyone IMHO.
    Apr 3, 2015. 11:20 AM | Likes Like |Link to Comment
  • Eurozone manufacturing growth revised higher [View news story]
    Dear editor:

    When you say "Economic momentum in the eurozone is picking up as the ECB continues its €60B a month QE program and a weaker euro aids exporter" aren't you double counting? After all, the euro is weaker primarily because the ECB earlier announced its QE plans. Also, the idea that a bond buying program that only began a few weeks ago would have a measurable impact on such things as March's inflation, which you linked it to the other day, and economic activity, already is a stretch. JMHO
    Apr 1, 2015. 06:40 AM | Likes Like |Link to Comment
  • Fed's Evans: Hold off on rate hikes until 2016 [View news story]
    Yeah, core cpi just 30 basis points under 2% [and the median cpi up 20 basis points over 2%] obviously calls for extreme monetary policy. Maybe they should call up the national guard while they're at it. ;-)
    Mar 25, 2015. 09:41 AM | Likes Like |Link to Comment
COMMENTS STATS
368 Comments
414 Likes