Hints and tips:
...I’m Ethan Wu. Thanks for listening. [MUSIC PLAYING]...
...She’s in T-bills at 5.25 per cent right now. Pretty good deal. Or she could buy 10-year bonds at 4.55 per cent....
...Because you never know when you might need to pay a bill, or fix your roof, or fix your car....
...Letter in response to this article: US inflation rate shows healthy signs of a growing economy / From Bill Smyth, Bagshot, Surrey, UK...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Email us about something else: robert.armstrong@ft.com and ethan.wu@ft.com....
...(Ethan Wu) One good read James Mackintosh argues against bubble talk....
...Email me your wisdom born of experience: ethan.wu@ft.com....
...Let us know what you think of this format: robert.armstrong@ft.com and ethan.wu@ft.com. Bill Dudley talks to Unhedged The interest rate cycle is not over and inflation is not back to 2 per cent....
...(Ethan Wu) One good read Raging Bill....
...(Wu & Armstrong) One good read China’s mosques....
...“The bill is coming due on a record amount of commercial real estate debt”, The Wall Street Journal blared this week. Fair enough....
...Also, we go long trades by Bill Gross and Bill Ackman and short getting hit by vans....
...This is Bill Ackman and Bill Gross, both famous investors: Bill Ackman of Pershing Square; Bill Gross the bond king, formerly of Pimco....
...Many investors cannot freely substitute between rolling short-term bills and buying long-term bonds....
...As we discussed with Bill Dudley last week, the Fed wants to maintain an “ample reserves regime”, where the quantity of cash is not a major constraint on the financial system....
...However, absent clearer evidence of deleveraging, it’s hard to see how China fits the bill of balance sheet recession in Richard’s Koo original sense....
...It’s not as good as simply buying a Treasury bill. But because the trade is matched — it’s almost a pure arbitrage — I can borrow tons of money to set it up....
...It’s going to be hard to follow Reider, Olivier Blanchard and Bill Dudley. Let us know who you would like to hear from on future Fridays: robert.armstrong@ft.com and ethan.wu@ft.com....
...Send me your thoughts on nuclear extinction and/or feminist merchandise: ethan.wu@ft.com....
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