The price of gold has risen sharply during the past two years. More recently, Jerome Powell's August speech at Jackson Hole, Wyoming -- where he signaled the Federal Reserve would begin lowering interest rates -- has turbocharged gold's ascent. Indeed, investors are considering whether the dramatic appreciation signals a flight to quality, reflecting a widespread [...]
Tag: us dollar
Global Strategy Update: Feeling Liberated Yet?
5 September 2025 Yes, the first eight months of 2025 have been a wild ride. However, the financial market reaction has been quite predictable; collapsing after "Liberation Day", and rebounding once outcomes have proven to be less damaging than announced. As Autumn approaches, the policy horizon appears a little less eventful, although key trade talks [...]
Trump 2.0 Tariffs: Everyone Loses
3 February 2025 Until now, financial markets have adopted a complacent "wait and see" approach when considering the prospects for the Trump 2.0 trade policy. However, the hope the new Administration's bark would be worse than its bite has been dashed with the imposition of high tariffs on the nation's three largest trading partners. Markets [...]
Election 2024 Edition #2: International Trade
30 September 2024 In an earlier article "Election 2024: What They're Not Telling Us #1", I suggested the two Presidential candidates were engaged in a "conspiracy of silence" regarding key policy issues. Last time, I indicated American fiscal policy is on an unsustainable course, but both party leaders have evaded the topic, let alone suggested [...]