monetary policy

Here are seven themes Marc Chandler sees dominating the investment Climate from Fed tapering, to ECB reaction to disinflation to Australian and Canadian Dollars remaining out of favour.

Marc Faber, publisher of the Gloom, Boom & Doom Report, appeared on Bloomberg Television's "Street Smart" yesterday to discuss the impact of Fed policy on the global economy and his predictions for 2014. As you could imagine, he is…

The Fed's "full-allotment overnight reverse repurchase agreement facility" - a mechanism to control short-term rates - is no longer just an academic exercise. Given how dysfunctional the interbank market has become, using the fed funds…

When I last wrote you I was talking about 2013 as being akin to the mid-cycle tightening year of 1994. In this view, we are well into a business cycle but it is far from over because of cyclical agents could spur the cycle on. But what…

- At the risk of oversimplifying, there seems to be a single overriding driver of the global capital markets in the coming days - The US real sector data, like retail sales, industrial production and housing starts, risk being on the soft…

Most investors are expecting 2014 to be a good year economically and for this to translate into a good year for investing. But we have never been deep into a business cycle with rates at zero or with no chance of a Fed hike on the horizon.…

By Marc Chandler The ECB meets tomorrow. There is much consternation among many observers over the ECB's reluctance to recognize what they see as a potent deflationary threat. With the US economy gaining momentum and GDP per capita set to…

On Friday, I read a post on the New York City housing market that got me to thinking about how we view interest rates and their effect on credit markets. Traditionally, we view higher interest rates as a net tightening and slowing of the…

In the links today, I had a number of good posts that focused on the issue of fiscal policy versus monetary policy. There are a number of ways to look at the issue, economically and politically. However, I think the overriding takeaway…

Clearly, most analysis for 2014 is upbeat. Economists are predicting higher global growth, higher U.S. growth, an end to the sovereign debt crisis and all manner of positive economic outcomes. And I think all of this upbeat analysis is…