The Source Of The Next Crisis:

#VIX #XIV #VXX #volatility In 1992, the CBOE hired Robert Whaley to develop a tradeable volatility product on equity index option prices. A year later, in 1993, the VIX was born when the CBOE started publishing real-time quotes on the implied …

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Citi labels 2s/5s US yield spread as the best interest rate chart in the world. Bear flattening signaled Savings and Loan Crisis in the late 1980s, the Dot-Com crash in the early 2000s and the GFC in 2007.

https://twitter.com/Schuldensuehner/status/933449988276916224 TROUBLE? What is the predictive power of the yield curve? Shape of the yield curve, advanced by 15 mths, has a decent fit w/US GDP growth. But yield curve inversions over-predict recessions. https://t.co/1mo5QwepsZ pic.twitter.com/Ysd5YCKe4F — Holger Zschaepitz (@Schuldensuehner) November …

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The Damn Debt That Will Never Go Down

By Robert Carbery America’s massive $20.5 trillion debt will never go down if the federal government continues spending at the rate it has been over recent decades. No amount of tax increases will close the gap between what our government …

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