Philippe Waechter's blog
What the Fed Is Missing
A complement to my recent post on the signal brought by an inverted yield curve on the economic activity. The Federal Reserve isn’t worried about the yield curve, and it…
Lack of liquidity on fixed income markets
Interesting paper that explains the new main characteristic of fixed income markets is the lack of liquidity. I think that one consequence of this lower liquidity is on capital mobility.…
On Markets' Valuation
This is my weekly column on Forbes.fr It is available in French here Here is the English version The financial markets are carrying high prices in industrialized countries and this…