In our work, we have argued that the dollaris having its third significant rally since the end of Bretton Woods. The first rally was associated with Reagan though it began under Carter and followed 100 bp hike by...
What is the issue? The UK has long had a strained relationship with the EU and has never been comfortable with the ever increasing drive for greater integration and harmonization of rules and regulations coming...
In response to the global crisis, central banks have adopted unorthodox policies. They expanded their balance sheets and broken the zero bound of interest rates. Many investors have been critical of the central bank...
For at least a couple of years before the Great Financial Crisis, policymakers often cautioned that investors were mispricing risk. Through the crisis, investors became painfully aware of many risks, including...
Two weeks into the year and most investors are nursing sizable drawdowns. The recovery in the US equities on January 14 looked like a potential turning point. However, the coattails proved non-existent, and the bull...
Market participants knew that volatility would rise today with the ECB meeting. What they got was far worse than could have been anticipated. It started with a report on the Financial Times a few minutes before...
A NATO country has shot down a Russian plane. The refugee influx is threatening to unravel the Schengen Treaty of free movement. Germany’s Merkel celebrated her tenth anniversary as Chancellor this past...
This Great Graphic caught my eye. I saw it tweeted by Mental Floss which got it from the Economic Policy Institute. It shows how much money one needs to earn to be in the top 1% of the state’s income earners. ...
Seven years ago today, following frenzied weekend meetings, Lehman filed for bankruptcy. It confirmed the end of an era in a way that Bear Stearns demise had only hinted. The world has not been the same since. The...
The doomsayers claim that the role of the dollar is being eclipsed by the rise of the Chinese yuan. Others see the demise of the dollar as some countries, like Iran and Russia, sell oil in other currencies than the...