James Mackintosh
speaker
379 appearances
7 recordings
1 series
first heard Nov 2017
last heard Nov 2024
James Mackintosh’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
and that's far from clear.
But if the market is right, then an easier Fed could, of course, come to the rescue of the stock market.
And Donald Trump's recent tweets, he absolutely was very strongly in favor of the Fed stepping back and not raising rates as fast as it has been.
But nonetheless, it's not clear whether the Fed will ride to the rescue.
Indeed, a
I mean, frankly, a 10% fall in the stock market is not something that the Federal Reserve should react to.
Maybe it will, but I wouldn't get your hopes up if that's what you're betting on.
WSJ Your Money Briefing · Why Rising Bond Yields May Not Be a Threat to Stocks · 10 Oct 2018
podcast
The yield's been going up all year.
The 10-year's been up a lot.
I mean, to put it in context, the losses so far this year, if you'd bought a 10-year bond, 10-year treasury bond, and just reinvested the coupons back into the treasury bond, you'd have lost about 6%.
And the losses have, well, you have had worse years, but really not very many right back to the 1970s.
It's a pretty dramatic set of losses.
And it's got even worse just very recently.
So last week, there was a very sharp rise in long-dated bond yields.
Yeah, that's right.
The economy has been fine, well, more than fine.
The economy has been great, and clearly that was a chunk of what happened earlier in the year.
But in the last week or so, the rise in yields hasn't really been about the economy getting even stronger or about people anticipating that the economy will be even stronger.
Instead, it's been about rising uncertainty, which is something that shows up in what they call in the jargon the term premium, which is basically if you think that the bond yield over the next 10 years gives you the expected interest rate over the next 10 years.
And then on top of that, a bit of a reward for locking up your money for 10 years to cover the uncertainty that you might be wrong about what happens to interest rates.
Showing 261–280 of 379 · page 14 of 19
← Previous
Next →