Recent Posts

Don’t ask the Fed to manipulate dollar

An old debate looks poised to make one of its frequent comebacks: How much, if at all, should the Federal Reserve concern itself with the value of the dollar? Oddly enough, it’s a question on which President Donald Trump and Senator Elizabeth Warren seem to agree. Warren proposed “aggressive intervention on behalf of American workers” and, in particular, “more actively ...

Read More »

Boris Johnson is underpriced by world’s financial markets

Sterling is in the dumps as the interminable delay to resolving Brexit is clearly holding back the UK economy. Perhaps the contest to choose a new leader for the ruling Conservative party, which started in earnest on Monday, can provide a change in direction for the currency. After all, the winner will take over as prime minister from the hapless ...

Read More »

Global finance chiefs rang the alarm, but nobody really cares

Finance chiefs from the biggest economies rang the alarm over global growth and said they’re prepared to do something about it. Too bad they’ve never been less relevant. Gone are the days when investors used to quake over ministers moving a comma or adding a period in key sentences. If their weekend statement was intended to shore up confidence or ...

Read More »
Send this to a friend