duration

How do like that for a title! Let me flesh this out relatively quickly here. It might end up spanning multiple posts as a result. But, yesterday I promised to follow up on thoughts about market volatility and market directional based on…

Three years ago, the Fed had begun tightening and all other central banks were still on easy street. Now, we are at an inflection point where other central banks are likely to tighten more than the Fed. That’s negative for the US dollar and…

The primacy of monetary policy continues unabated as central banks go further and further down the rat hole of increasingly desperate measures to boost demand. First, it was quantitative easing. Now, the latest scheme is negative interest…