28 February 2021 There's a whiff of inflation in the air: commodities are soaring, bond yields are rising, and yield curves are steepening. And, while these trends actually began last Summer (and despite Federal Reserve Chairman Powell's reassuring comments in Congress), equity market volatility is increasing. In the period ahead, financial markets will confront several … Continue reading Will Inflation End the Party?
Tag: dollar
Climate Change and the 2020 Election
31 August 2020 The Republican and Democratic conventions are over, and the US election campaign will shift into high gear. Surely, climate change will be one of the most important topics for the US electorate to consider. Democratic candidate Joe Biden wants America to become net-carbon neutral by 2050, and to eliminate the use of … Continue reading Climate Change and the 2020 Election
China: Trade Deal Won’t End Slowdown
12 January 2020 The prospect that this week the USA and China will sign Phase 1 of a trade deal has buoyed financial markets. Of course, I will assess the impact of the agreement as details emerge. However, initial optimism is warranted if the plan represents the first step towards a comprehensive trade agreement (even … Continue reading China: Trade Deal Won’t End Slowdown
Currency Wars Ahead?
6 August 2019 The US Federal Reserve's recent decision to reduce interest rates a stingy 25bp, and to deliver a less-dovish-than-expected statement raises more questions than it answered. Was the rate cut a one-time adjustment to provide insurance against the prospect of weaker growth ahead? Did Chairman Jerome Powell react to White House pressure? If … Continue reading Currency Wars Ahead?