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 schedule next week is relatively quiet. The big feature will be the Fed’s annual get-together at the resort of Jackson Hole, Wyoming. As it says…
It was 50 years ago today that Nixon met at Camp David with Fed Chair Arthur Burns, incoming Treasury Secretary John Connally, and then Undersecretary for…
The seemingly inexorable decline in global bond yields continued over the last week. US yields are retesting the recent lows set back in July. In Germany,…
To repeat what I said last month: “Every month we say “the NFP this month is really crucial,” and usually it is. This month it is,…
The market’s attention is focused on the virus, as usual. Stocks plunged on Monday on fears that the new more virulent delta variant would force us…
Well, that little dose of panic was short. Last week’s flurry of concern over the worrisome delta variant of the COVID-19 virus didn’t last long. The…
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…
