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Latest UVA News Posts

What is up with the Yield Curve?

Originally published on Tahoe Daily Tribune’s website http://www.tahoedailytribune.com/news/opinion/15174122-113/tahoe-truckee-market-beat-what-is-up-with-the-yield-curve The Yield Curve walks into a bar. The bartender says, “Hey, you’re really getting into shape!” The Yield Curve replies, “Yep. I believe the Expectations Hypothesis is working on my slope!” The bartender inquires, “Are you sure?” To which the yield curve responds, “I’m positive.” I can’t take credit for that joke; it was written by BYU economics professor Richard W. Evans. …Read More

Financial media fixated on threat of deflation

Originally published on Reno Gazette Journal’s website, http://www.rgj.com/story/money/business/2015/02/06/financial-media-fixated-threat-deflation/23010819/ As a financial markets economist, my job is to survey the economic landscape and identify trends and issues that might have a significant impact on economic activity (and then to worry about what those trends and issues mean for client portfolios). Normally, over the intermediate time horizon, such economic trends manifest themselves in financial asset prices. But that is not true in …Read More

Market volatility in January

Originally published on tahoedailytribune.com’s website http://www.tahoedailytribune.com/northshore/14881200-113/tahoe-truckee-market-beat-market-volatility-in-january January was a choppy month for the stock market, and the worst month since January of 2014. There was a lot of economic news to digest last month. Fourth quarter earnings got under way, the Swiss announced that the Franc would decouple from the Euro, and the European Central Bank, ECB, announced it would begin a round of quantitative easing, or QE. There are …Read More