Things That Can’t Go On Forever, Don’t
Ok, the sun is shining nicely down here in Barcelona right now, so maybe this is a good moment to come out and provoke a storm. The euro: something gives, but what? Actually it is perhaps ironic that I...
View ArticleThe Euro And The Vote
The euro reached its lowest level against the dollar in seven months last week dropping from a valueof $1.311 a month ago to $1.255 on Friday. This was the lowest level since last October. Undoubtedly...
View ArticleToo Hot to Change?
The Cunning Realist takes a look at limits: Since the bursting of the technology bubble in 2000, there have been four distinct periods in which the Fed has flooded the system with an extraordinary...
View ArticleClose Call
The reference here isn’t to the actual hurricane (which was far from that if you were black, poor, and lived in downtown New Orleans) but to the economic ‘near miss’ I think we are watching, and to the...
View ArticleECB Interest Rate Policy
Brad Setser has a post today on Kate Moss, not provoked by her evidently economically intriguing modelling properties, but due to the Kate-Moss-thin credit-spreads which Bloomberg’s William Pesek...
View ArticleMore On Exchange Rates and Policy Rate Differentials
Morgan Stanley’s Stephen Len is obviously on the same page as I am about how the rising interest rate differential between Europe and the US is likely to drive short term currency movements: Policy...
View ArticleSchyzophrenia Outbreak At The FT?
I know you should never take what a central banker says at face value, but still. Today Christopher Swann in Washington tells us (in an article entitled: End in sight to the Fed’s rate-tightening...
View ArticleHave Global Interest Rates Peaked?
With the ECB adamant that it will continue to raise rates this would seem to be the most untimely of questions, but there are now signs that this may well be the case. Firstly this in Bloomberg today:...
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