Monetary Policy
To be “as rich as an Argentine” was once a common aspiration. What happened?
Is there evidence of an ECB put in European credit markets?
There is reason to be cautious about the nascent yen rally.
Recent market volatility has been driven by speculation about what the Fed will do next.
The FTX fiasco has more to do with fractional reserve banking than it does with crypto.
“It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.” -- John Kenneth Galbraith
The impact of Fed policy on the global financial system is yet another feature of the COVID-19 pandemic that caught investors off guard.
A reduction of the ECB's balance sheet and a serious effort to achieve positive real interest rates will be key to ensuring a turnaround in the fortunes of the EUR/USD.
Recession is now a virtual inevitability.
Clients have concerns about inflation. Here are a few tips to approach these conversations.