There’s been a sudden change in the mood in the markets. Bond yields and inflation expectations have been declining for some time now, but the trend…
With apologies to Tom Cruise, who starred in the famous anti-Vietnam War movie of almost the same name. There’s little excitement next week. Monday is a…
This last week we got more data that shows how Japan is lagging the recovery in the rest of the world. The Tokyo consumer price index…
Wednesday’s meeting of the rate-setting Federal Open Market Committee (FOMC) was a game-changer for the foreign exchange markets. Having been one of the most relaxed of…
It shouldn’t have surprised me, but it did. In fact it amazed me. Thursday’s US consumer price index was expected to be up 4.7% yoy –…
Exciting week in store! The Bank of Canada meets on Wednesday and the European Central Bank (ECB) on Thursday. Also on Thursday, we get the US…
It’s yet another US nonfarm payrolls week. This indicator has always been the biggie of the month, but now with US inflation well above the Fed’s…
There were three notable points in the market over the last week that bear discussion, so this week I’m going to address several issues. 1) The…
My weekly last week was entitled “The Market Disagrees with the Fed on Inflation.” I could’ve used the same headline this week. In fact, I think…
I’ve written about it several times in my weeklies recently but it’s my guess I’m going to write about it several more times too. Inflation is…
