Next from the monetary kitchen
Negative nominal interest rates, helicopter money and the "cashless society" – like a play on tryout in New Haven, the ideas of the next phase of radical monetary control are getting a public airing before their Broadway debut.
Big sick puppy
Fears of Deutsche Bank AG's missing an interest payment on a contingent convertible security sent the bank's common-stock price skidding. Are Deutsche's problems idiosyncratic or systemic?
For many a disappointed Canadian retail investor, "preferred" is more a term of derision than of description. We write to suggest that their loss is the contrarian's gain.
New default cycle
Fear, always a value accelerant, is back in the air and on the palms. Putting the "high" back into high yield.
Toward zero or less
Mortgage real-estate investment trusts are the topic, interest rates are the sub-topic and income – precious income – is the point of it all.
Outflows to themselves
China's cadres command that the People's Republic will grow by 6.5% in 2016. Say it were true. How much financing would that require and where would the money come from?