Still No Up

By |2017-08-15T12:03:03-04:00August 15th, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Asian flu of the late 1990’s might have been more accurately described as the Asian dollar flu. It was the first major global test of the mature eurodollar system, and it was a severe disruption in the global economy. It doesn’t register as much here in the United States because of the dot-com bubble and the popular imagination about [...]