The key point for the markets of course is the Russian invasion of Ukraine. All other concerns are set aside for the time being. The invasion…
Sometimes markets are driven by economics, sometimes they’re driven by technicals. But right now they’re being driven by politics and I have no special insight into…
Thursday’s higher-than-expected US consumer price index (CPI) was the last straw for the markets. With inflation now at 7.5% yoy, the highest since 1982, investors upped…
We’ve talked a lot about inflation, the impact of the pandemic, the impact of labor shortages, used cars and microchips, whether it’s “transitory” or whether prices…
It’s clear that most central banks want to tighten policy nowadays. Not surprising, as inflation has proved less “transitory” than they expected a year ago. I’m…
Investors are finally starting to realize that after years of zero interest rates, quantitative easing, and monetary policy convergence, it’s time to go back to normal.…
Japan has long been an outlier internationally when it comes to inflation, and therefore with regards to interest rates as well. That anomalous situation may well…
OK boys and girls, the game is over. Let’s see who won and who lost! And what we can learn from this round of the never-ending…
I’m not a fan of former US Secretary of Defense Donald Rumsfeld, the architect of the US invasion of Iraq. However he did say one memorable…
The FX market usually isn’t that volatile this time of year. Companies are slowing down, finishing up for the year and getting ready for Christmas parties,…
