NEW YORK, Feb. 19, 2014 /PRNewswire/ -- The February 21st issue of Grant's Interest Rate Observer, a journal of the financial markets, is published and available to the public. This issue is now available for download at www.grantspub.com for all subscribers. To subscribe please visit: http://www.grantspub.com/subscribe or call John D'Alberto: (646) 312-8890.
The current issue includes the following articles:
UP AND AT 'EM, MR. BEAR
Picking up where the Bernanke market ended, the Yellen market leaves a vapor trail of joy and doubt. As to the latter, we have boatloads.
Scavenging for yields presents one kind of risk, smoking cigarettes another. Combine the two, and you get tobacco bonds. Bad news and good news have lately vied for the market's attention.
Christine Lagarde doesn't seem to want prices to fall, Raghuram Rajan doesn't seem to want prices to rise, and Charles Evans doesn't seem to want prices to remain the same. What the poor nations can teach about the art of inflation.
Relative to other asset classes, "land prices, I would say, suggest a greater degree of overvaluation," Janet Yellen testified last week. Taking our cue from the chair of the Federal Reserve Board, we investigate the ground on which houses grow.
WARSAW TO MT. GOX
When early this month the Polish government seized $51 billion of private pension assets and claimed them for the state, the out-of-pocket investors asked, in so many words, "whose money is it anyway?" Money gone missing is the subject at hand.
The Bank of Japan increased the monetary base by 51.9% year-over-year in January, but GDP only grew by an annualized 1% between the third and fourth quarters. The results from QE seem wanting.
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SOURCE Grant's Interest Rate Observer