every major currency has appreciated against the dollar this year. Since the nadir of Covid, the AUD has done best: a proxy for CNH, no doubt. Worst has been JPY. The NOK, SEK, NZD, MXPSKW and SAR have done pretty …
This is the 30-year Breakeven Inflation Rate: i.e. the average CPI rate which would make an investor indifferent between holding 30 year nominal gilts and 30 year TIPS.
The rate is still below the target rate of 2%, but it’s approaching it at a …
Nobody really knows who will be the next president.
Whatever happens, Trump-like policies will continue to find support, amongst Republicans, and amongst the population.
The years of wrangling over Brexit is a template for what will come.
Only Covid could stop Britons arguing about it. I wonder …
It’s morning in the UK, and it’s too close to call. Biden has 220 EC votes, Trump 213.
Biden has done much less well than expected, and could still lose.
It still seems hard to believe that the Dems could put up …
Everyone is focussed on the presidential election.
It’s an extremely ugly slow-motion car crash.
It seems unbelievable that any good will come of it, but somehow within a week or so at max (surely?) we’ll know the result.
The markets seem to have risk off fatigue …
Everyone is focussed on the presidential election.
It’s an extremely ugly slow-motion car crash.
It seems unbelievable that any good will come of it, but somehow within a week or so at max (surely?) we’ll know the result.
The markets seem to have risk off fatigue …
I have to feel relatively awake and able to concentrate, but when those conditions are fulfilled I like nothing better than to listen to an episode of Macro Musings with David Beckworth. He’s on the fairly obscure podcast app that I use, so yours will almost certainly …