Guy LeBas
lebas_janney
I've spent a lot of time throwing rocks lately, so I'm going to try and be a little constructive and talk about negative interest rates.The #NIRPening, a thread. 1/x A
Read more
A discussion of the BBB credit explosion, its genesis, implications and likely outcomes in thread form. 1/x(Of interest to @JodyLurie @kevinmuir and maybe even @KeithMcCullough ;-) In Dec 2011, BBB
Read more
At the current rate of UST buying (~$50bln/mth), G-SIBs will find LCR limiting in 1Q 2020. Meanwhile @federalreserve has started buying up T-bills, seemingly missing out on the fact that
Read more
My core thesis right now is the US G-SIBs are being stuffed to the gills with coupon USTs. 1/x I've done a rather poor job of describing the situation that
Read more