During my career, I’ve often felt like Sisyphus: the fellow in Greek mythology doomed to roll a boulder up a hill, only to find that inches…
For I have known them all already, known them all: Have known the evenings, mornings, afternoons, I have measured out my life with coffee spoons… The…
I’ve been writing FX comments for…well, I don’t want to say how long. Let’s just say that when I first started in this business, I used…
The title of my last weekly outlook was “Is the worst over?” This was referred to the economy, which was showing the proverbial “green shoots,” in…
First off, let me say that I tend to be a worried person. I wake up in the morning worried I won’t be able to get…
The COVID-19 virus has caused an unprecedented shock to the global economy, and with that an enormous shock to the currency markets. Now that the world…
One of the hottest debates raging among central bankers – insofar as central bankers rage, which admittedly is not very much – is over negative interest…
Markets are getting very excited at the prospect of countries coming out from under lockdown. Investors are assuming that as countries come out of lockdown, economies…
We’ve heard from a number of central banks recently. In fact, we’ve been hearing from central banks almost constantly, in unscheduled meetings as well as scheduled.…
There’s a discrepancy like I’ve never seen before in the markets nowadays. On the one hand, this is clearly the worst downturn in the economy most…
