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OMG The Dollar!!!

By |2020-07-29T17:37:12-04:00July 29th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The way you hear it nowadays, the dollar just can’t catch a break. If it’s not a load of “V’s” indicated by some obscure data point (like the otherworldly spike in US home ownership levels), then it is Jay Powell who is clearly gunning for the US currency. He can’t kill it fast enough, having had more than enough of [...]

Three Quarters of a Trillion In Three Weeks, And Bill Yields Are Down Again

By |2020-04-16T18:48:03-04:00April 16th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Hold all the congratulations. Jay Powell is, with a huge assist from the financial media, trying to pre-empt what comes next by taking a premature victory lap. The Fed isn’t just your central bank it is your friend. The amount of pure propaganda being put out lately is understandable if still disgusting. March was a good month to include [...]

(No) Dollars And (No) Sense: Eighty Argentinas

By |2020-03-30T17:46:41-04:00March 30th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

India like many emerging market countries around the world holds an enormous stockpile of foreign exchange reserves. According to the latest weekly calculation published by the Reserve Bank of India (RBI), the country’s central bank, that total was a bit less than half a trillion. While it sounds impressive, when the month began the balance was much closer to that [...]

At The Worst Times, The Dollar Goes Down When It Goes Up

By |2020-03-09T18:57:31-04:00March 9th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Is the dollar rising, or falling? Does it matter? In one sense, obviously it does. The way in which the dollar behaves dictates how everything else goes. The potential mix-up and confusion start when we have to define exactly what we mean by “dollar.” Or rising. The rising dollar doesn’t always rise. If we are talking about the US currency’s [...]

I For One Welcome Our New Robot Overlords

By |2020-02-12T17:24:57-05:00February 12th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Fears over machines aren’t anything new. The Terminator franchise got started in the eighties and was hardly original back then. In gross economic terms, it may seem like the robot invasion is a 21st century phenomenon. It isn’t. One need only go back to Alberta of all places and learn about the Canadian Clifford Hugh Douglas. Douglas preached something called [...]

Global Headwinds and Disinflationary Pressures

By |2020-01-09T19:37:31-05:00January 9th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I’m going to go back to Mexico for the third day in a row. First it was imports (meaning Mexico’s exports) then automobile manufacturing and now Industrial Production. I’ll probably come back to this tomorrow when INEGI updates that last number for November 2019. For now, through October will do just fine, especially in light of where automobile production is [...]

Out Of The Onion Wars, Why Are There Only Losers?

By |2019-12-18T19:05:42-05:00December 18th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Whereas China is embroiled in pig wars, its neighbor India is waging one against onions. African swine fever has decimated the former’s stock of hogs, leading to rapidly rising food prices at maybe the worst possible time. On the Indian subcontinent, same result as far as prices only in this case late monsoons have swamped the onion harvest. The shortage [...]

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