European Union

Europe Comes Apart, And That’s Before #4

By |2019-05-29T11:33:09-04:00May 29th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In May 2018, the European Parliament found that it was incredibly popular. Commissioning what it calls the Eurobarameter survey, the EU’s governing body said that two-thirds of Europeans inside the bloc believed that membership had benefited their own countries. It was the highest showing since 1983. Voters in May 2019 don’t appear to have agreed with last year’s survey. For [...]

The No Growth In US Trade Does Matter

By |2016-11-30T16:49:14-05:00November 30th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

While certain markets continue to dream of the economy that might be, we continue to be stuck with the economy that continues to be nothing like it. Last week the Census Bureau reported that exports fell slightly year-over-year in September 2016 after rising slightly in August for the first positive number in two years. On the import side, marginal US [...]

Politics of the Monetary Noose

By |2016-06-27T12:05:06-04:00June 27th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In June 2015, Pew Research Center conducted a poll of citizens in European countries in order to gauge public sentiment of the European integration project. They found what they thought was a rebound in favorability. The survey conducted in 2013 appeared then to have been the low point, with the 2014 update finding an uptick in support. By last year, [...]

Slowdown Continues; Lost Time Accumulates

By |2016-04-05T12:50:02-04:00April 5th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

US trade statistics for February improved in both exports and imports, but there are questions as to the reason for the reverse and whether it is actually meaningful. After abysmal performance in every segment and category in January, there was some give back in February including positive numbers in some places. That suggests that January’s trade activity might have been [...]

Other Than China, Not Much Of Port Strike Resolution In Trade Figures

By |2015-05-05T14:43:34-04:00May 5th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The port strike on the West Coast of the US was finally resolved and goods began to flow more freely starting in February. That meant March’s import figures would be absolved of this aberration and we could begin to piece together the state of domestic “demand” without the blockage. Given that January and February figures were atrocious, it would stand [...]

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