global financial system

Swirling ‘Dollars’

By |2015-03-03T13:15:31-05:00March 3rd, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Despite the relative peace and tranquility in dollar-denominated credit markets at present, the “dollar” itself continues to rise. Clearly the acceleration of that trend has waned in recent weeks, but nonetheless is still moving upward to the point it is at the highest level in more than a decade. Somehow most commentary takes such a massive and sustained move in [...]

Global Means Global; ‘Dollar’ Means Trouble

By |2015-01-27T16:23:23-05:00January 27th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In addition, and very much related, to durable and capital goods disappointment, some major bellwether earnings have weighed on jubilation over the “robust” economy. Caterpillar in particular was troubling, but as the lineup of excuses expands, the idea of “decoupling” is now even more pronounced. So, in addition to the energy sector dragging down earnings, overseas results will also add [...]

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