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carry trade

Harvey and Irma Passed, Back To Same Procyclical Housing

By |2018-03-23T12:19:49-04:00March 23rd, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Why does monetary policy pay so much attention to housing? The easy answer over the last twelve years is the bubble. It was hard not to, though for a very long time policymakers did attempt a systemic disavowal. But beyond the middle 2000’s housing mania, central banks have had a very keen interest in real estate from the beginning. The [...]

Why JPY

By |2014-02-04T12:36:29-05:00February 4th, 2014|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If you haven’t discerned to this point, funding markets are incredibly complex and intricately linked across innumerable network nodes that make precise estimations, even analysis, equally difficult and complex. The primary nodule as it relates to global finance is geographically centered in London, as the eurodollar market largely operates there. With the “US dollar” as the reserve currency (I use [...]

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