interest rates

Raghuram Rajan, one of the few mainstream economists to warn of the US housing bubble, has recently written a piece which is highly critical of US monetary policy. His view, one that I share, is that US policy favours debtors over savers in…

I am concerned that the emerging markets have overheated and are now reversing direction quickly. Policy rates are still low when adjusted for inflation. But, given the economic weakness now manifest across North America and Europe, the…

Dollar mixed vs. majors ahead of ECB decision; signal for 25 bp hike in July widely expected. Negotiations on second Greece aid program continue; talks could drag on for weeks. NZD outperforms on hawkish RBNZ statement, AUD underperforms on…

Dollar, yen and Swiss franc broadly higher; sentiment deteriorates after Bernanke’s speech. Euro trips ahead of $1.47 amid concerns over Greece’s package and soft German IP. Brazil and Poland both expected to hike by 25bps; Brazil’s…

I am more cautious than optimistic on risk assets and the global economy. From where I sit global growth prospects are not improving; they are weakening.

The financial repression that is being discussed is not in developing countries but in the advanced industrialized countries. The ostensible goal is to support the government bond markets. Moral suasion, the cajoling of investors are soft…

The Federal Reserve will be on easy street for a long time to come. Real interest rates will remain low, meaning debtors will be favoured over savers. Investors in fixed–income will take it on the chin.

While many of our readers may not be particularly interested in Norway, two of our Casey Report investment picks are in the country - hence the quick update on the Norges Bank's (the Norwegian Central Bank) rate decision.

Financial repression leads to investors' leveraging up, moving abroad, moving out on the risk curve or moving into riskier asset classes. Apparently, Pimco is employing all of these strategies. Will it work, though? I say greater risk…

Google is loaded o the gills with cash, yet today they are pricing up a bond issue. he Financial Times is reporting that Google will raise as much as $3 billion of 3, 5 and 10-year money. Here's my question: why do this? Acquisition:…