Japan

Thinking about Japanification Two FT articles and a discussion at Real Vision precipitated this post. On Monday, I had a conference call with a few markets-oriented colleagues at Real Vision, where I am an editor and program presenter. And…

The post this morning on the evolving strategy of Germany's SPD was actually yesterday's post. I didn't get a chance to write it because I went to bed super early. So I am going to write a short piece for today's post focussing on Japan,…

I was reading about the potential candidacy of former Starbucks CEO Howard Schultz for US President in the 2020 election just now. He plans to run as an independent, potentially dividing the anti-Trump vote, should Trump survive until then.…

Last week, WTI for November delivery passed the $76 a barrel mark. And since September, speculation has been rife that oil could top $100 a barrel in due course. If oil prices do continue to rise, that's going to have very different effects…

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

Quick post here. Earlier today, I sent out a note about the Bank of England's rate hike basically saying a large part of it was about the urge to normalize. When I wrote that I hadn't seen Gavyn Davies' most recent missive on central banks.…

Today's daily includes stories on the global economy, inflation, monetary policy and trade.

This post first appeared on Patreon on 9 Jul 2018 Last week, I wrote up a macro bond play that involves three parts: currencies, spread differentials and default risk. I want to hone in on one of those three today: currencies. And here's…

Too many observers mistakenly focus on the net positions in the futures market. Drilling down from the net to the gross positioning is very revealing. The gross euro longs have risen in four of the past five weeks. And there is another…

We suspect some of the pressure on dollar-yen had been hedging activity ahead of the end of the fiscal year.  The end of the hedging operations may be sufficient to ease the pressure on the greenback.