Die (fundamentale) Antwort findet man...

verfasst von NickLeeson, 19.06.2000, 19:53

...in Doug Noland's aktuellem Credit Bubble Bulletin, bzw. dem sog."Flow of Funds".

Hier der entscheidende Absatz:" According to Federal Reserve data, the brokerage firms increased holdings of financial assets by a staggering $140 billion, or at an annualized rate of 56%, to $1.1 trillion. Holdings of “credit market instruments” jumped $42 billion to $210 billion, growing at an annualized rate of 107%. Elsewhere, security credit increased $59 billion to $282 billion, “misc. assets” increased $32 billion to $556 billion, and equity holdings increased $8 billion to $74 billion (note the relatively minor role of “equities” as a percentage of total financial assets - that is precisely why we refer to this as a Credit Bubble!). Digging a bit deeper into the astounding growth in “credit market instruments,” we see that while corporate and foreign bond positions increased about $16 billion, or 16% during the quarter, the largest change in positions was a dramatic reduction in a short position in Treasury securities that had been growing over the past few years. In fact, a short position of $43.5 billion was reduced to $4.7 billion during the first quarter, certainly in response to spread trades “blowing up.” If there was confusion as to the true dynamics behind the dramatic out-performance of Treasuries, the securities firms apparently purchased almost $39 billion during the first quarter."

NickLeeson

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gesamter Thread:

• Indikator? nochmal jetzt mT - 2good4you, 19.06.2000, 17:57
  • Re: kurz- und langfristige Zinsen - JüKü, 19.06.2000, 19:08
    • Die (fundamentale) Antwort findet man... - NickLeeson, 19.06.2000, 19:53
      • Re: Die (fundamentale) Antwort findet man... beim Poker?? - dottore, 19.06.2000, 21:07
        • Artikel über den Bondmarkt in Businessweek... - NickLeeson, 19.06.2000, 23:35
          • Und noch'n Gedicht... - NickLeeson, 20.06.2000, 00:13