Lou Crandall, the Wrightson ICAP chief economist whose weekly Treasury and Federal Reserve analysis was required reading on trading desks for nearly half a century, announced he is ending his "Money Market Observer" column. In his final Sunday publication, Crandall stated Wrightson will continue producing daily insights and forecasts on the Fed and Treasury through at least year-end, and is in early talks with potential partners to absorb some of the analysis thereafter. The decision concludes a 44-year run for the publication, launched by Crandall in 1982 as he built a reputation for technical fluency in Treasury market mechanics—repo markets, reserve dynamics, and quarterly refunding—that few on Wall Street matched.
Crandall acknowledged he lacks the willpower to quit "cold turkey," noting he has produced daily reserve-supply and TGA forecasts continuously since starting at the New York Fed in fall 1980. He added that breaking this long-standing habit could prove difficult. Crandall, 68, graduated from Cornell University in 1980 with an economics degree before joining the New York Fed and later Wrightson.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing