There’s some more commentary on the spectacle of free-enterprise, freedom-loving, double-entry-bookkeeping rugged American types kow-towing to Trump: The orthodoxy manifested itself in familiar ways. Groups that claimed the mantle of individual liberties would decry new …
Search Results for: performance
August 19, 2025
We are often told that capitalism will eventually collapse under the weight of its own contradictions. So I get highly amused when I see things like rugged Floridian Republicans socializing property insurance, the crony capitalism …
August 18, 2025
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 6.86 % 7.33 …
August 15, 2025
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 6.86 % 7.32 …
August 14, 2025
I continue to be fascinated by the impending drying up of US Social Security and there was a decent review on CNN today: “Today, we celebrate that 90th anniversary of one of the most significant …
August 13, 2025
PerpetualDiscounts now yield 5.75%, equivalent to 7.48% interest at the standard conversion factor of 1.3x. Long corporates now yield 4.93%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now 255bp, unchanged …
August 12, 2025
So, the US Inflation number came out: The Consumer Price Index stayed steady at 2.7 percent compared to the same time last year. On a monthly basis, prices rose 0.2 percent from June. But an …
August 11, 2025
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 6.92 % 7.37 …
August 8, 2025
It’s a red-letter day! A Trump appointee has said something sensible! Hassett, in subsequent interview on Fox News Sunday, said that if he ran the BLS and had “the biggest downward revision in 50 years, …
August 7, 2025
Today’s Survey of Consumer Expectations shows assertions of slowing inflation are not universally accepted: July Survey: Inflation Expectations Up at Short- and Longer-Term Horizons, Unchanged at Medium-Term Median inflation expectations increased to 3.1 percent from …