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Europe's Sovereign Bond-Backed Securities

May 24, 2018
It has been discussed for several weeks, and today the European Commission unveiled a proposal for a new asset-backed security.  The backing would be sovereign bonds weighted by the size of the economy.  
This may sound like mutualization of risk, but it is no such thing.  These new securities are not Eurobonds. The EC is calling on the private sec…
Europe's Sovereign Bond-Backed Securities Europe's Sovereign Bond-Backed Securities Reviewed by Marc Chandler on May 24, 2018 Rating: 5
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The Opaqueness of US Economic Policy

May 25, 2017
It is not just the fear that the investigations into Russia's attempt to influence the US election will distract from the Trump Administration's economic program.  It is also that the economic agenda itself seems is less clear. 
That China was not cited as a currency manipulator is no major surprise.  Bush and Obama also made the threat on …
The Opaqueness of US Economic Policy The Opaqueness of US Economic Policy Reviewed by Marc Chandler on May 25, 2017 Rating: 5
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US Tax Efforts Still Moving Forward

July 17, 2017
The health care reform efforts have disappointed.  The House version has been all but forgotten about as the focus has shifted to the Senate.  The challenge in the House has been repeated in the Senate, namely that the differences between different parts of the coalition embodied in the Republican Party are preventing the emergence of a working ma…
US Tax Efforts Still Moving Forward US Tax Efforts Still Moving Forward Reviewed by Marc Chandler on July 17, 2017 Rating: 5
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Baker's Dozen: 13 Items that Should be on Your Radar Screen

February 28, 2016
The year has begun on a tumultuous note. The Nikkei, DAX and S&P 500 all gapped lower the first day of the year. However, heightened anxiety has calmed as the fire appears to have burnt itself out, and equities have moved higher over the past two week.   
Three sources of stress have eased. Investors are no longer taking their cues by what happ…
Baker's Dozen: 13 Items that Should be on Your Radar Screen Baker's Dozen:  13 Items that Should be on Your Radar Screen Reviewed by Marc Chandler on February 28, 2016 Rating: 5
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