monetary policy

The dollar has sold off on the news that the Federal Reserve will buy $600 bln of Treasuries over the next 8 months.  It will relax its 35% self-imposed limited per security.  This is in addition to the $35 bln per month it…

The Norwegian Krone looks interesting with oil prices high and the Norwegian domestic economy doing well. Andy Lees of UBS writes: Whilst I like the Norwegian currency, benefitting from its oil and gas, its oil fund and the fact that…

The Absolute Return Letter, November 2010 by Niels Jensen “If I were BoJ, I would set a trap for all the currency speculators in the world. I would intervene in the currency market, appearing unsuccessfully, to lure speculators to…

All eyes are on the Fed today because markets across the globe in bonds, equities, commodities and forex want to know how much quantitative easing (QE) the Federal Reserve will do and what assets they will buy. As US short-term interest…

Highlights The dollar was mostly flat in a quiet Asian session with the Tokyo markets closed, even though the dollar experienced sharp losses versus sterling and kiwi. The outcome of the Federal Reserve’s FOMC meeting is also weighing…

by Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of…

If you’re reading this Salvo on the day it is posted, then you are likely holding your breath on a number of fronts: the outcome of the election tonight, the FOMC announcement tomorrow afternoon and the policy meetings of the Bank of…

There are two developments in China to note: The yuan appreciated in the spot market earlier today, after staging a relatively large decline yesterday.  At today's best dollar level, the yuan had weakened about 0.85% against the…

by Phillippe Legrain While the debate over global imbalances often focuses on China, this column argues that the biggest threat to the world economy comes from the other side of the seesaw – the US. Countless column inches are devoted…

The latest video from Bloomberg with Jim Bianco is below. Bianco believes the markets will be disappointed Fed if the Fed shows less than 5 months of $100 billion in QE tomorrow. He also doubts whether a tax hike would be a "big, big"…