Musings on Markets

JANUARY 27, 2021

In my last post , I described the wild ride that the price of risk took in 2020, with equity risk premiums and default spreads initially sky rocketing, as the virus led to global economic shutdowns, and then just as abruptly dropping back to pre-crisis levels over the course of the year. against developed market currencies.

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Currencies Investments Marketing Treasury 52

Musings on Markets

JANUARY 9, 2021

I spent the first week of 2021 in the same way that I have spent the first week of every year since 1995, collecting data on publicly traded companies and analyzing how they navigated the cross currents of the prior year, both in operating and market value terms. So, why bother?

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Musings on Markets

JANUARY 20, 2021

Source: BofA ML Spreads on Federal Reserve (FRED) The default spreads at the end of 2020 are at the low end of the historical spectrum, and the contrast with the 2008 crisis is stark, since default spread surged in the last quarter of 2008 and did not come back down to pre-crisis levels until almost two years later.

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Barry Ritholtz

NOVEMBER 8, 2022

RITHOLTZ: Fred Schwed, right? Is that who wrote the — CHANCELLOR: Fred Schwed. They’re actually just buying long dollars, treasuries. Essentially, that’s what interest rates allow. All our economic actions are taking place across time. Yes, that’s right. back in sort of 2012. RITHOLTZ: Yes.

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Valuation Finance Investments Banking 57