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☆ The case for a career in bond investing
▼ + stars: | 2023-10-27 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

I sensed familiarity with the recent fate of fixed income benchmarks such as Austria’s hundred-year government bond. For this reason, when bond yields are low, the sensitivity of capital prices to inflation and interest rate shocks is high, and vice versa. The appreciating greenback has been a drag on much of the global fixed income universe for the past decade. The real reason to go into fixed income investing, I explained, is that you get to tell governments what to do. Now that the end of monetary anaesthesia has awoken fixed income from its 15-year coma, I told the MBA students, you’ve got your chance.

Persons: Bonds, That’s, Torsten Slok, GMO’s, Liz Truss, ”, Bill Clinton’s, James Carville, you’ve, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, Treasury, Reuters Graphics Reuters, Apollo Global Management, U.S ., JPMorgan, Economist, UK, Thomson Locations: U.S, Venezuela

☆ Breaking down the complicated and erratic relationship between stocks and bonds
▼ + stars: | 2023-10-21 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

At Friday's close of 4224 on Friday, the S & P 500 is off 8% from the July high, with its equal-weighted version down 11%. .SPX YTD mountain S & P 500 YTD Yet the S & P was also at about the current level on Sept. 22, when the 10-year was a half-percentage-point lower, as well as on June 2, when it was at 3.7%. It's taken as a given in most corners of the investment business that higher rates available on bonds serve mechanically to compress equity valuations. Which is how the stock market finds itself here, with real or incipient breakdowns in regional banks and transportation stocks, the median S & P 500 component down for the year. The S & P 500 has gone on to drop a bit further, rally weakly and then roll back toward a five-month low.

Persons: James Carville, Bill Clinton, Stocks, it's, It's, Savita Subramanian, Jay Powell, LEI, Bond Organizations: Treasury, Bank of America, Group, Bloomberg News Locations: Friday's, corporates, Israel

☆ Biden impeachment saga creates a wild new political twist in an unprecedented election
▼ + stars: | 2023-09-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Now, his proxies in the House GOP are effectively weaponizing an impeachment inquiry of Biden to try to again destroy Trump’s potential opponent in the next presidential election. Then-Vice President Biden attended two dinners with his son and his business associates in Washington, DC, although one of Hunter’s associates testified that no business was discussed. Biden’s political liabilitiesIn some ways, the White House has a political advantage. CNN’s White House team reported Wednesday that the administration had put into action a counter-impeachment plan even before McCarthy’s announcement. Video Ad Feedback James Carville wants Biden impeachment inquiry.

Persons: Joe Biden, Kevin McCarthy, McCarthy, Donald Trump, Biden, –, Biden corruptly, Trump, Volodymyr Zelensky, Zelensky, Vladimir Putin, Hunter Biden, Obama, Joe Biden’s, Hunter’s, Hunter, White, haven’t, That’s, — McCarthy, Nancy Pelosi, CNN’s Manu Raju, Ken Buck, CNN’s Anderson Cooper, ” Buck, it’s, There’s, Jim Jordan, Hillary Clinton, Libya –, hasn’t, CNN’s, Biden’s, James Carville, Bill Clinton, feverishly, “, I’ve, ” Biden Organizations: CNN, GOP, Biden, Trump, Republicans, Air Force, Democratic, Colorado Republican, Republican, White, Capitol, House, Republican House, White House Locations: Washington, Ukraine, Russian, China, Washington , DC, America, Congress, New York, Benghazi, Libya

☆ Bond vigilantes are 'saddling up.' Here's how concerned investors might take action over the ballooning federal deficit.
▼ + stars: | 2023-08-20 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Bond vigilantes are "saddling up" again as federal deficits balloon, said market veteran Ed Yardeni. And I think the bond vigilantes are quite concerned about that." Now there are signs they are stirring again as bond yields continue to climb despite signs of cooling inflation. And I think the bond vigilantes are quite concerned about that," he said. In a now-legendary commentary from 1983 titled "Bond Investors Are the Economy's Bond Vigilantes," Yardeni warned, "So if the fiscal and monetary authorities won't regulate the economy, the bond investors will.

Persons: Ed Yardeni, e've, Yardeni, we've, James Carville, Bill Clinton, Clinton, Bond Organizations: Service, Treasury, Yardeni, Bloomberg, Federal, Republican Locations: Wall, Silicon

☆ James Carville dismisses concerns that Democrats don't have a strong presidential bench for 2028: 'So many people, it's breathtaking'
▼ + stars: | 2023-08-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

James Carville recently gushed to The Hill about the potential 2028 Democratic presidential bench. "These are some staggeringly talented politicians," Carville said of figures like Josh Shapiro and Wes Moore. And Carville already has his eye on some of the highest-profile Democratic politicians out there. Carville told The Hill that the perception of a large GOP farm team and a small Democratic bench was not the reality that he sees as he envisions a 2028 Democratic primary. "The Democratic bench is really long," Carville added.

Persons: James Carville, Biden, Carville, Josh Shapiro, Wes Moore, Joe Biden, Bill Clinton's, Kamala Harris, Georgia Sen, Raphael, Warnock, Andy Beshear, Gretchen Whitmer, Mitch Landrieu, Roy Cooper, James, Arizona Sen, Mark Kelly, Ruben Gallego, Jared Polis, Shapiro, I've Organizations: Democratic, Service, Privacy, Arkansas Gov, Democrats, Pennsylvania, Maryland Gov, Kentucky Gov, Michigan, New, New Orleans Mayor, North Carolina Gov, GOP, Arizona Rep, Colorado Gov Locations: Wall, Silicon, Georgia, New Orleans, Louisiana, Arizona, Philadelphia

☆ What Older Voters Say About Biden 2024: From ‘He’s Fine’ to ‘Oh, God’
▼ + stars: | 2023-04-22 | by ( Katie Glueck | ) www.nytimes.com time to read: 1 min

“I can’t go on television and say, ‘Let’s not talk about this, let’s pivot to the real issues,’ because people think age is a real issue,” James Carville, 78, the Democratic strategist, said last month. It was top of mind for several people who milled around a community center recently as a canasta game ended in Plantation, Fla.Doreen W., 78, a Democrat who declined to share her last name on the record, citing fear of causing problems for her husband at work, said she hoped Mr. Biden would run again. But she worried about whether he was up to it. “I know how tiring it is for me, and I’m not doing anything but retire,” she said. “I’m aware of his age and I’m concerned about that.”Informed that Mr. Biden was not 78, as she had thought, but 80, she groaned, “Oh, God.”“If I could just keep him at age 80 and active the way he is, I’d be more than happy,” she said.

☆ Powell is leader of the free world – for now
▼ + stars: | 2023-03-28 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +8 min

As former President Donald Trump will attest, Powell will do what he thinks it’s right. This month, Democratic Senator Elizabeth Warren, a left-wing firebrand, went on TV and called Powell a “dangerous man,” saying she doesn’t think that he should be Fed Chair. CNN television host Jake Tapper asked her if she had told Biden that Powell should be fired. Then Trump called Powell “a golfer who can’t putt, has no touch.” Trump wanted economic growth. Powell resisted and later responded saying that the Fed chair, more than anyone else, needs to be free from political pressures.

☆ Florida no longer looks like a swing state after DeSantis, Rubio lead big Republican wins
▼ + stars: | 2022-11-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Once considered the nation's biggest swing state, Florida is looking more and more like a Republican stronghold. The state's Republican governor, Ron DeSantis, and Sen. Marco Rubio both glided to victory against their respective Democratic opponents. The number of active registered Republican voters, meanwhile, rose to 5,259,406 in the same period — a gain of more than 150,000. In this month's midterms, older Florida voters came out in droves, while young voters stayed home, NBC's exit polls show. And the GOP extended its gains in the Florida state Legislature, clinching supermajorities in both chambers.

☆ 'Come on, man': Carville pushes back on GOP commentator's reaction to Walker
▼ + stars: | 2022-10-08 | by ( ) edition.cnn.com time to read: 1 min

Democratic strategist James Carville says he was "totally flummoxed" by CNN political commentator Scott Jennings' reaction to reports about Georgia Senate candidate Herschel Walker.

☆ The Lesson from the U.K. Budget Meltdown: Fear Currencies, Not Bond Markets
▼ + stars: | 2022-09-29 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

The U.K. is a large economy with deep capital markets and a widely-owned currency, fears of an unstoppable slide in the pound seem overblown. James Carville should have wished he could be the currency market. The famous 1994 remark by Bill Clinton’s political adviser that he would like to be reincarnated as the bond market encapsulates a widespread perception among investors and officials that, when currencies are left to float freely, soaring public debt becomes the key constraint on government spending. The U.K.’s budget crisis shows why they are wrong.

☆ Biden says the election is a battle against 'MAGA Republicans.' He’s been silent about Democrats elevating them.
▼ + stars: | 2022-09-25 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +9 min

Democrats had been spending millions of dollars in Republican primaries elevating extreme candidates who falsely insist Donald Trump won the 2020 election, in hopes of facing weaker opponents in the general election. The raw political calculus that underpins the Democrats’ midterm election strategy is at odds with President Joe Biden’s core political message that democracy is in peril. Biden appears to have accepted the tradeoff involved: If boosting election-denying candidates saves even a few Democratic congressional seats, it’s worth the risk. NBC News asked the White House what Biden thinks of the practice and whether he’s ever voiced qualms about it. During the 2016 presidential campaign, many Democrats saw Trump as the weakest and, hence, most desirable opponent in the general election.

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