Gold

Yesterday, I connected the end of the carry trade and stress on Australian bank margins. The point was that the withdrawal of global liquidity wasn't just affecting emerging markets in our interconnected global financial system. Australia…

"As much as I would like to buck the bearish sentiment, I continue to see EM as an underweight, in currencies, bonds and equities." That's how I ended the last post. Yet, at the same time, even as crisis deepens in the emerging markets,…

Emerging market equities are in a bear market as of today. So, right now, everyone seems to be talking about contagion in the emerging markets. As the day began, the US dollar was posting gains against most currencies, emerging market and…

Short-term and long-term interest rates in the US have overtaken those in Australia for the first time in a number of years, with the Reserve Bank of Australia predicted to be on hold for another two years. This makes funding via US…

A lot of people are still watching the flattening yield curve and distress in EM. And while I think both of these events are important, I am looking at a lot of other market signals, particularly US domestic credit markets. Here are some…

This post explains why the BoJ's latest move is a tightening of monetary policy.

Despite a 43-year low in UK unemployment rates, wage earners are losing ground. As the Bank of England decides how to respond, we can see signs of a global tightening in monetary policy.

I don't think we are at a point yet where what's happening in Turkey can be called an emerging markets crisis. Right now, it's mostly about Turkey, though there are signs of contagion via currency effects and concerns about creditors of…

How Whole Foods will become the brick and mortar extension of Amazon

Tesla's convertible bonds due in February make an SEC investigation a serious matter.