My heart grew heavy when seeing/reading the National Geographic photo essay about the fires in Patagonia. Examination of the details made it weigh a ton. “An imported tree fuels Patagonia’s terrifying summer fires,” https://www.nationalgeographic.com/environment/article/how-fear-of-summer-came-…

​In the past week, we have watched a bond market adjustment. For a price change, the movement was dramatic, as bonds such as the 30-year US Treasury benchmark bond lost 10% of its market price when rising rates caused a market repricing of outstanding issuance.  We nickname the market…

Sebastian Pellejero and Mark Maurer used their December 30, 2021, Wall Street Journal column to discuss some of the history of LIBOR, and now, its end.

Markets posted a loss in the first week of January, driven by several factors and data releases. Release of the FOMC’s minutes for its December meeting led market participants to believe that the Fed was even more likely to embark on removing its policy accommodation sooner rather than later.…

Writing in the early days after Omicron’s emergence, Lyric Hughes Hale, editor-in-chief of EconVue and host of the Hale Report podcast, considered COVID and China’s Covid response and its shift toward isolationism. She mulled whether China is merely deferring the inevitable spread of…

The intro to the credit commentary we wrote last quarter could be put right here, with Omicron inserted in place of Delta – the latter variant had threatened our recove

My colleague Bob Eisenbeis has written about the forthcoming Federal Reserve appointments and about the FDIC and how important these positions are to the financial community of the United States and the rest of the world. Here’s his discussion:  https://www.cumber.com/market-commentary…

Seldom, if ever, has a president had the opportunity in the first year of a term to make so many appointments that may significantly impact the direction of monetary and financial regulatory policy.

As we enter 2022, and as we are about to start the “earnings season” with reports of the Q4 and full year of 2021, we also continue to examine the “statistical discrepancy” between the estimates of GDP (gross domestic product) and GDI (gross domestic income).

“To grandmother’s house we go,” says the song. In the US, airports bustled (when flights not canceled) over the holidays. Families gathered. Some heeded the Omicron warning, some not. ’Twas the season. Now we are watching Omicron cases surge.