Tag Archives: Interest Rates

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Cumberland Advisors Market Commentary – Interest Rates and Yield Curve Control, Part 3

Author: David R. Kotok, Post Date: September 24, 2020

To understand US interest rates and how yield curve control works, it is critical to consider the effects of negative interest rates coupled with yield curve control, as already applied outside the US. We have written several times about the impact of negative interest rate policy (NIRP) on worldwide interest rates. In the current pandemic […]

Cumberland Advisors Market Commentary – Interest Rates and Yield Curve Control, Part 2

Author: David R. Kotok, Post Date: August 13, 2020
Market Commentary - Cumberland Advisors - Interest Rates and Yield Curve Control, Part 2

This is part 2 in a series on interest rates and yield curve controls. Here’s the link to part 1: https://www.cumber.com/cumberland-advisors-market-commentary-interest-rates-and-yield-curve-control-part-1/ First, we want to thank BCA Research and our friend Caroline Miller, Chief Strategist at BCA, for permission to share their charts. At Cumberland, we use BCA Research. My colleague John Mousseau and I […]

Cumberland Advisors Market Commentary – Interest Rates and Yield Curve Control, Part 1

Author: David R. Kotok, Post Date: August 10, 2020
Market Commentary - Cumberland Advisors - Interest Rates and Yield Curve Control, Part 1

“The Trimmed Mean PCE inflation rate is an alternative measure of core inflation in the price index for personal consumption expenditures (PCE). It is calculated by staff at the Dallas Fed, using data from the Bureau of Economic Analysis (BEA).” Through June 2020, “The Trimmed Mean PCE inflation rate over the 12 months ending in […]

Cumberland Advisors Market Commentary –  Update from ECRI

Author: David R. Kotok, Post Date: June 24, 2020
Market Commentary - Cumberland Advisors - A Nasty, Short and Bitter Recession (ECRI)

“A Nasty, Short and Bitter Recession”: An Update First: here’s some very important history; then, the updated forecast! The Economic Cycle Research Institute (ECRI) specializes in “calling cycle turning points in economic growth and inflation” and has a long, exemplary history of getting those forecasts right (https://www.businesscycle.com). Cofounded by the late Geoffrey H. Moore, winner […]

Cumberland Advisors Market Commentary –  Loretta Mester Interview

Author: David R. Kotok, Post Date: June 19, 2020
Fed president & CEO Loretta Mester On Demand Interview

Loretta Mester has a distinguished, multi-decade career with the Federal Reserve. She currently serves as president and CEO of the Federal Reserve Bank of Cleveland, votes on the FOMC, and immerses herself deeply in the issues of America’s banks and financial institutions. She agreed to an extended and detailed hour-long discussion with GIC. Here’s the […]

Inside ETFs – A breakdown of zero interest-rate policy (ZIRP)

Author: , Post Date: February 25, 2020
David Kotok - A breakdown of zero interest-rate policy (ZIRP)

Inside ETFs – A breakdown of zero interest-rate policy (ZIRP) David Kotok, co-founder of Cumberland Advisors explains what ZIRP means for your clients and why you should pay attention to being at zero. Feb 25, 2020     Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are […]

David Kotok: Discussion of Financial Markets with Chuck Jaffe – Money Life (Radio)

Author: , Post Date: December 27, 2019
David-Kotok-Radio-Money-Life-Blue

David Kotok, Chief Investment Officer/Co-Founder, Cumberland Advisors, joins Chuck Jaffe on his program, Money Life, for an interview about what to expect for 2020. LISTEN BELOW OR AT THE LINK HERE: https://soundcloud.com/user-195074568/david-kotok-discusses-financial-markets-on-money-life-with-chuck-jaffe Like this interview? Listen to a previous 2018 interview David had with Chuck.   If you like this interview, many more are to […]

Surveillance: Negative Rates with Mohamed El-Erian (Bloomberg Radio Podcast)

Author: David R. Kotok, Post Date: December 24, 2019
Surveillance Negative Rates with Mohamed El-Erian (Bloomberg Radio Podcast)

Surveillance: Negative Rates with Mohamed El-Erian (Bloomberg Radio Podcast) Hosts: Tom Keene, Jon Ferro, and Pimm Fox David Kotok, Cumberland Advisors Co-Founder & CIO, says negative interest rates are at a peak. Michael Holland, Holland & Co. Chairman and Founder, thinks the Fed is far more important for markets than a U.S.-China trade deal. Dana […]

Cumberland Advisors Market Commentary – FOMC ZZZZZZZZZZZZ

Author: Robert Eisenbeis, Ph.D., Post Date: December 16, 2019
Federal Reserve - FOMC

“Boring” was how commentators on at least one network characterized the FOMC’s December 11th decision to hold rates constant. It was, in fact, a no-brainer decision given the strong labor market, which created 266 thousand jobs in November; strong consumer spending based upon the Black Friday and Cyber Monday sales data; an unemployment rate at […]