Markets become disorderly due to aggregate psychology. That's difficult for anyone to assess at any time, but you look for red flags, like significant overreactions to data, |
Markets become disorderly due to aggregate psychology. That's difficult for anyone to assess at any time, but you look for red flags, like significant overreactions to data. |
Meanwhile, public works spending has caused a mountain of future liabilities to pile up, and without United States-like growth rates, paying them off is simply not in the cards. |
More tightening is still needed. The Fed has to consider the election calendar. They can't delay until late summer or fall, when it might be politically more difficult. |
No more turning away from the weak and the weary. No more turning away from the coldness inside. Just a world that we all must share. It's not enough just to stand and stare. Is it only a dream that there'll be no more turning away. |
One month is not a trend. Just the slowing U.S. economy is not enough to quell current account concerns in the long run. |
Otherwise a spend-prone fiscal policy teamed with a pro-growth monetary policy could be problematic for the U.S. economy and currency ahead. |
Removing currency risk is key to getting Japanese investors to buy U.S. assets, which will help keep U.S. interest rates down. |
That would represent back-to-back quarters of growth, a noteworthy achievement. |
The chart of oil priced in euros is not a pretty picture, |
The chart of oil priced in euros is not a pretty picture. |
The dollar is getting batted back and forth from U.S. data indicating that Fed will raise rates to data that indicates the opposite. I don't think there's enough data on the table for anyone to predict what the Fed will do. |
The failure of reformers to wrest control of the ruling party away from Prime Minister Yoshiro Mori is widely seen as a setback for revitalizing Japan, |
The Federal Reserve is nearing the end of its tightening cycle, and the European Central Bank could tighten more. |
The market is not focused on imbalances, but rather interest rates and in the US right now they are high and getting higher across the yield curve. |