Bruce Krasting | TalkMarkets | Page 1
Independent Banking Professional
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I worked on Wall Street for twenty five years. This blog is my take on the financial issues of the day. I was an FX trader during the early days of the 'snake' and the EMS. Derivatives on currencies were new then. I was part of that. That was with Citi. Later I worked for Drexel and got ...more

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Social Security Versus CBO – Who Do You Trust?
The 2014 Social Security report to Congress is finally out. The report was released four-months later than permitted by law; this is the sixth year in a row that the Report has been late. The word ‘sloppy’ comes to mind; Treasury Secretary Lew gets a ‘D’ for timeliness.
On Drip, Rake And Big Swinging Dicks
Like Wall Street, the Big Dicks are only concerned with today, if things blow up, they just move on to another job.
What’s A Trillion Among Friends?
The Congressional Budget Office (CBO) came out with its latest baseline estimates for Social Security (SS) this week.
A Ramble On The Puerto Rican Bond Market
To me, the big, big, big macro economic factor is population growth (or the lack of it). Coupled with population growth is the rate of aging within the population. I don’t care what the Fed and all the other CB’s do to push back on the deflationary consequences of demographics.
Adios Fannie Pref
By pure luck I sold the Fannie T before 3/11 (The day that the Senate voted for an unwind of Fannie and Freddie, AKA The SHTF Day). At $13+ FNMAT was trading at 65% of original par – that’s a rich price for busted pref.
Wall Street To The Rescue??
The weather is great. The beaches are beautiful. The food is good and the drinks are better. The bonds, on the other hand, don’t get on my “buy” list.
White House: “Weather Practically Everywhere Is Being Caused By Climate Change”
The WH has a climate agenda – this is payback for a lot of support (money). But when the chief scientist at the White House ignores the scientists who actually look at weather patterns, then one is forced to doubt everything the White House says on the topic.
Obama On The Money – SOTU Edition
President Obama's upcoming State of the Union address will focus on the theme of income equality in America. The issue at hand is not just income equality, it’s wealth AND income inequality.
Which Door Will Yellen Choose?
Two theories to explain the year-to-date global dumpathon. The first is that it’s all local issues – no single macro story explains the depth of the sell off.
Mel Watt On Fannie And Freddie – I Want To Go Back To 2008
When Harry Reid (D-NV) changed the rules on how the Senate votes for a Presidential appointment, he opened the door for a critical change in the leadership at the Federal Housing Finance Authority (FHFA).
Mel Watt On Fannie And Freddie – I Want To Go Back To 2008
With Watt taking over, the die is cast.
CBO On Social Security – Another '29 Crash?
The Congressional Budget Office is out with its annual review of Social Security. It’s a long report – here’s all you need to know...
Taper Talk Is Back – It’s Not Going Away This Time
The Fed minutes yesterday rekindled Fear of Taper.
On The Labor Force Participation Rate
The drop in participation is a very big deal.
America's Income - Who Has It?
We have a problem and no substantial solutions to it.
ACA And Me
The Affordable Healthcare Act: Good for me, bad for you.
1 to 16 of 21 Posts