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dollar run

Why You Should Care Argentina More and More Looks Like Argentina

By |2019-08-13T18:08:24-04:00August 13th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Why don’t you fight the Fed? Sure, central banks and governments give off the impression that they are in control. The idea is repeated as if a fact. We are led to believe they let markets play around in their contained spheres but should anyone get out of hand authorities are there like referees to make sure everything remains inbounds. [...]

As If We Needed It, Asian ‘Dollar’ Might Be More Complicated, Too

By |2016-04-06T16:41:14-04:00April 6th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

A few weeks back, on March 18, the Japanese government bond market was hit with a “buying panic” of some noteworthy proportion. Yields all across the curve dropped, which takes some doing since yields were already at that point mostly negative. Common sense forces any sane person to wonder if sanity itself remains relevant to global finance: That raises the [...]

There’s Much in the Swiss

By |2015-11-18T16:00:56-05:00November 18th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Since October 15, gold, yen and Swiss francs have all been pummeled by what increasingly looks like a “dollar” repeat from the start of Q3. It is difficult to suggest whether there is any shift in safe haven bid in all three, but I would guess, as with Q3, it may not have mattered as the “dollar” function globally has [...]

Deeper Look At August ‘Dollar’ Run

By |2015-11-06T11:06:22-05:00November 6th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The TIC update for August estimates provided some clarity on several accounts. Given the nastiness of the “dollar” environment in that month it was certain that the Treasury Department would display negative “dollar” conditions, and that was the case. The numerous subcomponents and categories were quite useful in corroborating that picture, even if there was some work and re-orientation in [...]

Better Hope It Really Was ‘Speculators’

By |2015-10-07T16:23:12-04:00October 7th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Even a quick glance at recent t-bill rates commands further attention. There is obviously a lot going on in the bills market just in the past few months, which may only be unexpected in the sense that there isn’t a plain connection between US government bills and the fireworks elsewhere. T-bills used to be, however, the primary source of repo [...]

Greek Butterfly Flaps The ‘Dollar’ Run

By |2015-09-30T13:12:29-04:00September 30th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Before embarking on the great unknown of Q4 2015, it makes sense to try to gain a little more clarity about Q3 2015. Specifically, the “dollar” run that blasted through China and opened the prospects for both an end to Fed/Yellen faithfulness and increasing uncertainty about the true nature of economy and finance globally began around July 6; a day [...]

Now SHIBOR?

By |2015-09-21T14:51:21-04:00September 21st, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Outwardly, you can appreciate why central banks act as they do under serious and dangerous circumstances. Prices aren’t just what someone will pay but also represent information that is transmitted broadly to all corners. Thus, if something is going wrong there are prices that will show it, potentially diffusing contagion to other places and markets. From a child-like perspective, it [...]

What The Yen Might Reveal

By |2015-08-28T12:10:04-04:00August 28th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The moment you add the yen to any larger financial discussion it inevitably brings out passionate response. I think that is derived partially from its status as unbelievably durable; if there is one currency in the world that “deserves”, so to speak, ultimate execution it is that of the Japanese. The Bank of Japan has done more than any other [...]

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