Macroeconomics
Coming to America – Yield Curve Control
This column has tended to focus primarily on monetary policy as it relates to the trend in financial markets. But…
Asia Will Outperform in a World of Weak Dollars and Accelerating Inflation
The view here remains that the key issue facing investors in 2021 is the Federal Reserve’s policy response coming out…
The “Passive Put” and Tesla’s Bitcoin Wildcard
The advice here remains to stick with the “back to normal” trade despite the scare over the mutating virus in…
China Still a Manufacturing Powerhouse. Buy the RMB, Sell the Dollar.
The US Dollar Index has over the past week fallen to its lowest level since April 2018. US Dollar Index…
Southern European Stocks Looking Juicy Driven by Gov’t Bond Buying
That a mass roll-out of vaccines is now on the horizon, on a six-month view, remains a reason to stay…
The Landscape is Shifting for Chinese Fintech
The US presidential election appears to be finally over. But it remains unclear how the issue of regulation of “Big…
How the Fed Reacts to a Vaccine Driven Recovery Will Determine the Market’s Fate
As the media focuses on the closely contested US presidential race, as well as, of course, the Covid “second wave”,…
With a Blue Wave Likely, is Big Tech in Trouble?
The “Blue Wave” is clearly the base case in the forthcoming US presidential election. Still, markets have become nervous again…
We Are Witnessing the Beginning of the End of the Deflationary Era
The cyclical trade continues to be recommended here, despite the ongoing COVID “second wave”. On this point, it is interesting…