Quantitative and Credit Easing vs. Forward Guidance

Domestic Impacts and Cross-Border Impacts Contrasted There seems to be a tendency in recent studies to place ascribe greater impact to forward guidance than to quantitative measures, such as purchases of Treasurys and MBSs — at least insofar as domestic interest rates are concerned. [1] [2] But it’s interesting just because asset purchases don’t necessarily affect interest rates, […]

How to Beat Vulture Debt Collectors

In a bit of synchronicity, last weekend I had dinner with a buddy whose sibling recently was dunned by a buyer of junk debt. For those not familiar with this dark underbelly of the credit markets, these vultures buy consumer debt from banks (mainly credit card receivables) that the bank has written off. That means they […]