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Well, all these measures do is make the downturns a lot more shallow, but a lot longer, due to a large overhang of labor.

Answer is that it's partially due to stimulus and govt consumption...

Guns and cans of baked beanz... Maybe gold, but unlikely to help a lot, really.

It's the same wall of cash going into all assets indiscriminately: equities, corps, govt bonds, you name it... A rising tide lifts all boats, including long-dated treasuries.

Hmmmm, if this were in fact the case, it would be a very bad thing indeed. Would you be able to cite sources for this or provide specific details of your calculations/data?

I see. So you're expecting the notes themselves (the currency, not the capital it can represent) to serve as a store of value, apart from being the medium of exchange?

Could be you're correct. I have not considered it carefully enough.

What medium do you use to measure the "worth of the dollar" today and in 1913? Unless you specify that, how can you conclude that the dollar depreciated? Maybe, it's the other medium that has appreciated? Moreover, there's really no such thing as the "worth of the dollar". It's just a...

+1, totally agree...

Sorry, my fault... I should have formulated it better. The idea behind the theory is that it's exactly the second derivative that drives behavior.

Here's why (courtesy of The Big Picture):

Well, if you look through the Fed's Senior Loan Officer Survey (here: http://www.federalreserve.gov/boarddocs/snloansurvey/200911/), you may conclude that credit conditions have eased quite a bit since we plumbed the depths of despair in late 2008. Attached is just a couple of charts, but they...

While that is extremely sweet and generous, sadly I have to decline. Only your life will do... :)

I could tell you, but then I'd have to kill you :)...

One of the alternative theories I have heard (from Deutsche's ecos, I think) is that it's not the absolute amount of credit (as measured by the various credit condition indices) that matters. What matters is the incremental change in the amount of credit available, as it has an inordinate...

Spot DV01, per 1000 contracts: 2y $44.67k/bp 5y $50.23k/bp 10y $72.42k/bp Bond $128.68k/bp

This is the invisible hand at work, the process of correcting the global imbalances in action. Economics is a real b1tch sometimes, innit? However, the time is nigh, unfortunately, for the US to face reality.

Yes, this is for the INTC 2.95% 12/35 junior subordinated convertible debentures... Good luck with your quest... Just out of curiosity, imagine I am a broker that can deal in these for you and I can offer you some at par. How would you go about deciding if this is cheap or rich?

CUSIP is 458140AD2... Go for it, knock yourself out.

They are liquid for institutional investors (depends on issue, name etc)... As far as I know, the only way retail investors can access these is through convertible bond mutual funds.