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Tag Archives: U.S. Treasury
My Letter to the Wall Street Journal
The Wall Street Journal just published a letter of mine, Debt Bomb has Shorter Fuse Than Many Citizens Think (credit to them for the snappy title, and to my wife Corrina for invaluable editing). I respond to the Journal’s recent editorial Obama’s … Continue reading
Posted in Bonds, Economics
Tagged Federal Reserve, U.S. Treasury, Wall Street Journal
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“After the Taper” Slides Now Available
On November 3, I gave a talk titled “After the Taper: Risks for the Fed and the Treasury” to the Denver Chapter of the Global Association of Risk Professionals (“GARP”). We had an interesting mix of attendees from around the … Continue reading
Adventures with the Treasury and the Fed
Last year, my wife and I put on an event to recognize the success of a fast-growing division of the Hunt Companies. The event was held at the Boettcher Mansion on Lookout Mountain outside Denver. Corrina, a sommelier and chef, … Continue reading
Posted in Bonds, Economics
Tagged Brookings Institution, Federal Reserve, GARP, U.S. Treasury, U.S. Treasury Debt
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Getting it Wrong on the Treasury and the Fed
On September 30, four Harvard scholars presented a new paper[1] about the U.S. Treasury and the Federal Reserve, at an event hosted by the Brookings Institution. The authors contend that the Treasury severely undermined the Fed, which has tried to … Continue reading
Posted in Bonds, Economics
Tagged Brookings Institution, Federal Reserve, Lawrence Summers, Robin Greenwood, U.S. Treasury
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The National Debt is Closer than it May Appear
Nate Silver, the star statistician who correctly called last year’s presidential election as well as almost every senate race, wrote an article last week titled What is Driving Growth in Government Spending?. One factor he considered was the interest on … Continue reading
Posted in Bonds, Economics
Tagged Median Maturity, Nate Silver, Treasury Debt, U.S. Treasury, Weighted Average Maturity
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Is the Treasury Really Going Long?
In football, a quarterback “goes long” by heaving the ball down the field. If the play succeeds, the team advances many yards and might even score a touchdown. If the play fails, a down is wasted and there might even … Continue reading
Posted in Bonds, Economics
Tagged Federal Reserve, Treasury Debt, U.S. Treasury, Weighted Average Maturity
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Upcoming Talk on the National Debt
On Wednesday, October 24, I will give a talk to the Finance Club of the University of Colorado at Boulder. The name of the talk is “A Professional’s Guide to the National Debt”, and it will be held at the … Continue reading
Posted in Bonds, Economics, Investments
Tagged Federal Reserve, National Debt, Talks, Treasury Debt, U.S. Treasury, University of Colorado-Boulder
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GARP Presentation on Interest Rate Risk and the Treasury
Last week, I gave a talk to the Denver Chapter of the Global Association of Risk Professionals (“GARP”) on the topic of “Interest Rate Risk and the U.S. Treasury.” Click Here to see the slides in a new window (the slide … Continue reading
Posted in Bonds, Economics
Tagged Federal Reserve, GARP, Interest Rate Risk, Marketable Debt, Talks, Treasury Debt, U.S. Treasury, Weighted Average Maturity
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The Well-Tempered Spreadsheet 