Weekly Market Update
Market Action Spanish authorities have confiscated millions of voting papers in Catalonia and stationed additional police in the region ahead of Sunday's independence referendum, with the vote declared illegal by Madrid and Spain's constitutional court. Catalonia...
Market Implications of Forthcoming Central Banks’ Changing Policies: Liquidity & Recessionary Considerations
According to the Fed’s recent announcement, the US central bank will start shrinking its balance sheet shortly, while we are expecting it to raise short-term rates in December. At the same time, we are also expecting the central bank of England to also raise rates in...
Weekly Market Update
Market Action Major stock indexes rose to records earlier this week, then decreased—closing mostly flat or slightly down for the week—while treasury yields increased, as global tension came back into the forefront with North Korea’s announcement that the country may...
Why Have We Been Switching the Headlines? War Games and the US Dollar
Throughout the ages, war has been the engine of finance. The collusion between Russia and China in the last few weeks and months in order to bypass the US dollar in the international monetary system is equal to - if not more important than - the North Korea...
Weekly Market Update
Market Action U.S. stocks rose to weekly gains in a stretch that included four straight records for the Dow Jones Industrial Average. The S&P 500, Dow industrials and Nasdaq Composite also reached fresh closing highs together on Tuesday and Wednesday. Asian stocks...
Chinese Slowdown: Potential Ramifications for Asset Allocation
The latest data from Chinese economic activity came in below expectations and point to a possible further slowdown for the next year. Specifically, infrastructure spending dropped and this weighed down industrial production. As fiscal policy becomes less supportive...
Weekly Market Update
Market Action The major stock indices—and especially US stocks—moved lower this week amid concern about the impact of hurricanes Harvey and Irma (while Mexico was shaken by its strongest earthquake in a century) along with an increasing sense of geopolitical tension...
Echoes of War: Undisciplined Policies in the Context of Historical Developments
Our world has been cycling between chaos and order since the beginning of the modern economic era. We define the modern economic era as the period that started with the confiscation of America’s precious metals (mainly Peru’s and Mexico’s) in the middle of the 16th...
Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
August 2017 Multiple engines of growth continue to propel the global economy in a synchronized fashion: all 45 countries tracked by the OECD are currently growing, with 33 accelerating from last year. However, anxiety is palpable. In contrast to just a few...
Weekly Market Update
Market Action All three major US stock market indices posted weekly advances, and a strong showing for tech and biotech stocks helped the Nasdaq show its best weekly performance so far this year. Asian markets headed into the weekend on a cautious note, bringing an...
