Clifford Benjamin, Certified Valuation Analyst’s Post

The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. #FederalReserve #crown https://buff.ly/4gCVRN1

What is the best way to understand the Treasury & Federal Reserve? Let's talk about it in today's video! 🏦💰 #usgovernment #federalreserve #jeromepowell #unitedstates

"VIX has been suppressed and manipulated, but if it crosses 30, it will likely signal an institutional sell-off. It was 45% as of Friday, August 2, 2024, just 3 more points away from a sell-off. Janet Yellen is selling short-term treasuries and then buying back longer-duration bonds to manipulate the yield curve." Ron Reece, Director of Technical Analysis, Special Projects for NEC-SE. On last week's National Security Hour interview on IHearth Radio, I spoke with Ron Reece, Director of Technical Analysis, Special Projects for NEC-SE, about the impending ramifications of the historical length of the current inverted yield curve in short-term yields versus long-term yield rates. Historically, when the short-term yield un-inverts, it signals the onset of a recession in the coming months. Ron points out that Treasury Secretary Janet Yellen has been manipulating the short-term yield curve by funding government operations by issuing short versus lower-yielding longer-term debt to extend the inevitable until after the presidential election. The next administration, from whatever political party, will be blamed for this economic downturn, potentially of equal magnitude to the 1929 market crash, as the length of the current inversion has now well-exceeded the inversion that occurred before 1929. https://lnkd.in/g4DyRrdS

Looking at the past five Federal Reserve easing cycles, a focus on two distinctly different periods—1995 and 2007—shows similar outcomes for US high yield despite different economic results. This consistency was largely attributable to attractive starting yields and, in the case of the post-2007 hard landing, the resilience of a lower-duration, senior asset class: https://bit.ly/4dbCBEd

Looking at the past five Federal Reserve easing cycles, a focus on two distinctly different periods—1995 and 2007—shows similar outcomes for US high yield despite different economic results. This consistency was largely attributable to attractive starting yields and, in the case of the post-2007 hard landing, the resilience of a lower-duration, senior asset class: https://bit.ly/4dbCBEd

Looking at the past five Federal Reserve easing cycles, a focus on two distinctly different periods—1995 and 2007—shows similar outcomes for US high yield despite different economic results. This consistency was largely attributable to attractive starting yields and, in the case of the post-2007 hard landing, the resilience of a lower-duration, senior asset class: https://bit.ly/4dbCBEd

How familiar are you with the Federal Reserve? Here is a quick history. #fed #federalreserve #fedpolicy

In our latest white paper, Andrew Clinton and David Selbovitz, CFA, CAIA, detail how recent and expected U.S. Federal Reserve (Fed) rate actions support a move from cash-like assets to municipal bonds. Read it here: http://spr.ly/6042qXH4G.

The recent rate cuts by the U.S. Federal Reserve Board could help widen private credit spreads and lead to more M&A activity, as Michael Patterson, a Governing Partner at HPS, explains in this video.