I debated whether the title of this week’s piece should be “from ‘transitory’ to ‘persistent’” but decided to go with the above. In any case, the…
There are three major central bank meetings next week: the Bank of Canada on Wednesday and the Bank of Japan (BoJ) and European Central Bank (ECB)…
The world of dew is a world of dew. And yet, and yet— Haiku by Kobayashi Issa, 1763-1827 One of the main themes of Japanese aesthetics…
The mantra of many of the major central banks is that the current unusually high rate of inflation is just “transitory.” Here’s what a few central…
Every month we stress how important the monthly US non-farm payrolls are, and every month it’s true. Nonetheless, may I make a special plea for this…
I was trying to think of something that would connect Portugal with Japan this week. The only thing I could think of is tempura, a dish…
The coming week is relatively light on economic data, as is usual for the second week of the month. That doesn’t mean it’s devoid of excitement…
The Bank of England is not likely to make any policy changes at its meeting this week. The focus then will be on any changes in…
Last month was the big month for the RBA. They had to decide whether to roll over their market intervention from the April 2024 bond into…
The dollar is likely to continue to depreciate as Joe Biden moves forward with his stimulus plan and the Federal Reserve continues to pump more money…
