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eurdollars

QE Did It

By |2015-05-19T16:13:14-04:00May 19th, 2015|Bonds, Economy, Federal Reserve/Monetary Policy, Markets|

I feel almost obligated at this point to present UST volatility whenever referring to funding markets. Hopefully that “duty” will subside in the near term, but as I suggested yesterday this week is setting up to be much like last week. When I wrote that, however, I didn’t mean to propose a literal copy from week to week, but that [...]

Banco do Brasil Denies Its Own Self-Destructive Measures

By |2015-03-27T16:34:09-04:00March 27th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The axiom of most central banking is to “buy time” so that any deemed improper imbalance can be retrieved, set aside and allow for restoration of positive function. Colloquially, it is often referred to as “extend and pretend” not just because of intended affront but rather due to how fitting the circumstances so often apply. In other words, central banks [...]

Lockstep Credit Burdens The Economic Assumptions

By |2014-09-26T17:04:59-04:00September 26th, 2014|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

For all the supposed and assumed disparities between US monetary policy direction and that in Europe, credit markets in both locations seem to be far too much in lock-step agreement. That would suggest a few implications, the first of which is that the global financial system does not really consist of many closed systems with only minor connections as assumed [...]

Eurodollars ‘Guessed’ Right On Taper

By |2013-09-19T10:03:02-04:00September 19th, 2013|Markets|

As early as September 11, the changing trend had already been spotted. In Indian finance, the epicenter of taper turmoil since May, the inflows of “money” were distinctly different than the combat for funding experienced over the previous months. “Forex dealers said the turnaround in the rupee was mostly led by dollar inflows from foreign institutional investors (FIIs) in the [...]

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