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Author
Marc Chandler 872 posts 0 comments
Marc Chandler joined Brown Brothers Harriman in October 2005 as the global head of currency strategy. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank. In addition to frequently providing insight into the developments of the day to newspapers and news wires, Chandler's essays have been published in the Financial Times, Barron's, Euromoney, Corporate Finance, and Foreign Affairs. Marc appears often on business television and is a regular guest on CNBC and writes a blog called Marc to Market. Follow him on twitter.
There is a legal concept called "odious debts." It can be traced back more than a century. The US helped create a precedent for it by denying Cuba's responsibility for the debt incurred under Spanish colonial rule. The concept took on…
AIIB Prelude to SDR Decision
In what can only be seen an unexpected Chinese success, several US allies have agreed to participate in China and India's Asian Infrastructure Investment Bank. The frustration with the US on this issue is palpable. There is another issue…
Russia, Oil, China and the Dollar
By Marc Chandler
As the year winds down, a Gordian knot tying Russia, oil prices and China together is receiving a great deal of attention. Let's see if we can unravel some of the confusing twists and turns.
We turn first to China's…
QE will end, GDP growth expected at 3.0%, deflator at 1.4%
By Marc Chandler
Drivers for the Week Ahead
- This will be a busy week between stress tests and data releases, which markets have taken as positively- Market expectations have settled down, and the Fed is widely expected to announce the…
Exaggerating the dollar’s demise as reserve currency
By Marc Chandler
The headline of the Financial Times today reads "Paris rails against the dollar's dominance."; It could have been written nearly any time in the past half century. After all it was a former French President Giscard…
ECB Action: Just a Question of Time?
The Managing Director of the IMF and the chief economist are making no bones about it. More action by the ECB is inevitable. It is "just a question of timing," says Lagarde and "sooner was better than later", chimed Blanchard, the chief…
On Europe’s move toward QE to prevent deflation
There is a battle within the European Central Bank. Some want to take stronger action. Others do not think it is necessary. It is not just a matter of counting up who is on what side of the issue. It is not simply about majority rules.…
Can the Jobs Data Give the Dollar Another Leg Up?
The US dollar is consolidating yesterday's gains that were scored largely in response to Draghi's revelation that QE and a negative deposit rate were discussed at the ECB meeting. The consensus expects that the US economy grew 200k jobs…
Calm before the Storm?
The US dollar is narrowly mixed, largely within its well-worn trading ranges against the major currencies with two exceptions. There have been several marginal developments over the 24 hours that are shaping the investment climate.
More Thoughts about Potential for QE from the ECB
By Marc Chandler
There seems to be a stepped effort by ECB officials to talk the euro down. The process began with Draghi last week indicated that the euro has become a more salient factor as it poses a deflationary risk and threatens the…