Yeah... my assumption when an executive says they are leaving to "spend more time with my family" is still that they were asked to leave and are trying to be graceful about it.
(I mean, I know nothing about bond markets. It could very well be sincere in this case. I'm just saying, my immediate impression, when a top person says they are leaving to spend more time with their family, is to extend my sympathy at, you know, getting canned)
Maybe it is just my experience at Yahoo in the mid aughts. It seemed like every three months, a top exec was "leaving to spend more time with my family"
I mean, being graceful about getting pushed out is a good thing for all involved, and it seems like the leaving letters are getting more convincing lately, which is fine, but... yeah, I'm still not buying it.
I also found the story too pat. The list of 22 events seemed like an odd thing for a kid to be compiling on their own initiative. I observe that kids of that age try to normalize their circumstances, not compile lists of why they are off.
My niece will write songs or letters and has even written lists of things she doesn't like that her parents do... She usually shares it with grandma before going to her dad about it.
I think it's obvious that rising interest rates are bad for the bond market? I am not an expert and could be wrong, but I think that's one of the basic bits of the bond market that someone like me is capable of understanding.
The special knowledge would be knowledge of when interest rates will rise... and if you had that knowledge... god damn, you could make some money.
The yield curve is not currently negative... but it still seems pretty flat to a non-expert like me[1] - which I believe signals a belief (on the part of people buying bonds) that rates are going to stay low for a long time. (and that the economy is going to be shit for a long time.)
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Yeah... my assumption when an executive says they are leaving to "spend more time with my family" is still that they were asked to leave and are trying to be graceful about it.
(I mean, I know nothing about bond markets. It could very well be sincere in this case. I'm just saying, my immediate impression, when a top person says they are leaving to spend more time with their family, is to extend my sympathy at, you know, getting canned)
Maybe it is just my experience at Yahoo in the mid aughts. It seemed like every three months, a top exec was "leaving to spend more time with my family"
I mean, being graceful about getting pushed out is a good thing for all involved, and it seems like the leaving letters are getting more convincing lately, which is fine, but... yeah, I'm still not buying it.
I also found the story too pat. The list of 22 events seemed like an odd thing for a kid to be compiling on their own initiative. I observe that kids of that age try to normalize their circumstances, not compile lists of why they are off.
My niece will write songs or letters and has even written lists of things she doesn't like that her parents do... She usually shares it with grandma before going to her dad about it.
So much for generalizations about homo sapiens.
Or conversely, he knows the bond markets are going to take a beating when interest rates rise and wants to get out while his reputation is intact.
See what Krugman had to say about Bill Gross (this guy's boss) leaving.
http://krugman.blogs.nytimes.com/2014/09/29/nobody-could-hav... so... it sounds like his boss got pushed out because he made the bet that bonds were going to take a beating... and he was wrong.
I think it's obvious that rising interest rates are bad for the bond market? I am not an expert and could be wrong, but I think that's one of the basic bits of the bond market that someone like me is capable of understanding.
The special knowledge would be knowledge of when interest rates will rise... and if you had that knowledge... god damn, you could make some money.
The yield curve is not currently negative... but it still seems pretty flat to a non-expert like me[1] - which I believe signals a belief (on the part of people buying bonds) that rates are going to stay low for a long time. (and that the economy is going to be shit for a long time.)
[1]http://www.treasury.gov/resource-center/data-chart-center/in...