The Financial Ecosystem and the Dollar Trajectory: International Reserves, the Eurodollar Market, and Fiscal Policies
The international financial system is based on credit. At the heart of that system is the bond market whose global size exceeds $100 trillion. Just in the US, the bond market is above $40 trillion, and the US Treasuries play a central role in that given that they are...Weekly Market Update
Market Action This week global equities clawed back some of the losses posted during a volatile October. Still, the month was one of the worst for equities since the financial crisis, as markets were affected by concerns over rising interest rates, the slowing Chinese...Crossroads: At the Intersection of Geopolitics and Geoeconomics
Here are some critical issues to watch around the globe over the coming month: North America US President Trump has succeeded in one of his major goals: renegotiating NAFTA, now known as USMCA. USMCA is a standard modern trade agreement requiring a higher minimum...Weekly Market Update
Market Action Stock market gains have largely been eliminated for the year, indexes are in correction territory, and several S&P sectors – namely Communication Services, Energy, Financials, and Materials – have declined 10-15% in the last three months...Reflections on the Market’s Turmoil
Yesterday, while I was boarding an overseas flight, the markets were experiencing significant turmoil. During the long flight, I had the opportunity to contemplate the causes of the recent turmoil. The list below, while not necessarily exhaustive, covers the most...Sign Up for Our Publications
