Posts Tagged ‘Richard Fischer’
Examining the Signs of the Market
March 31st, 2010 | 
Author: 
Somehow the image of a canary just doesn’t do the $10 trillion treasury market justice.
As you may have read, last week former Fed Chairmen Alan Greenspan remarked that the steep yield curve is a “canary in the coal mine“; a warning that interest rates will be heading higher. Dallas Fed President Richard Fischer made a related comment regarding the effect of large fiscal deficits on long term interest rates. These are important points because they describe the intersection between fiscal and monetary policy. The ‘net’, of course, is that short term interest rates are under increasing pressure to rise.
Posted in Economy | 
Tags: Alan Greenspan, bond prices, Fed, Fed Chairman, fiscal deficit, foscial policy, inflationary, interest rates, long term bonds, moentary policy, Richard Fischer, treasuries, yield curve | 
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