Biography
Victor Xing is founder and portfolio manager of Kekselias, Inc., and a former fixed-income trading analyst at Capital Group Companies with a focus on monetary policy, inflation-linked bonds, and interest rates markets.
Rapid yen appreciation in the third quarter triggered a brief-but-disruptive volatility surge across major asset markets, demonstrating the fleeting nature of "liquidity-on-loan."
Nearly two years into the global supply chain restructuring process, the economic data are revealing the consequences.
Earlier this year, the copper–gold ratio was, in Jeffrey Gundlach's words, “screaming that the 10-year should go lower.”
There is reason to be cautious about the nascent yen rally.
Demand destruction does not guarantee disinflation.
As cracks develop along geopolitical fault lines, new barriers could emerge to disrupt global trade.
What is driving the surge in inflation and how are central banks misplaying their hand?