Search

Newsclips

Hedging Currency Risk Gets More Expensive As Year-End Approaches

October 2, 2017

The Wall Street Journal – Buying Dollars Is Getting Expensive, Again It’s getting pricey for foreigners to snap up U.S. bonds without the currency risk. A type of derivative used to buy dollar funding using other currencies is once again getting more expensive. So-called cross-currency basis swaps show that using Japanese yen funding to buy… Continue reading Hedging Currency Risk Gets More Expensive As Year-End Approaches

Newsclips

Using Rate Hikes To Pop Bubbles

October 2, 2017

Bloomberg – Fed Eyes Rates as Asset-Price Tool in Break With Hands-Off Past Federal Reserve policy makers are embarking on a subtle shift in strategy with potentially big implications for investors: using interest rates as a tool to contain the knock-on effects of lofty stock and asset prices on financial stability and the economy. The… Continue reading Using Rate Hikes To Pop Bubbles

---

Newsclips

CFTC Investigates June Cryptocurrency Flash Crash

October 2, 2017

Bloomberg – Cryptocurrency Flash Crash Draws Scrutiny From Watchdog A popular digital-coin exchange is drawing scrutiny from U.S. regulators over a June flash crash that erased most of the value in the second-largest cryptocurrency before traders had time to blink their eyes. The Commodity Futures Trading Commission has requested information from Coinbase Inc. about a June 21… Continue reading CFTC Investigates June Cryptocurrency Flash Crash

Newsclips

Cartoons

October 2, 2017

---

Newsclips

Global Fund Flows at Risk-on Extreme

September 29, 2017

Bloomberg – Soaring Bond Yields May Be Short-Lived The Fed’s rate hikes and the proposed tax cuts won’t spur inflation or faster growth. The Federal Reserve doesn’t readily concede errors in judgment. That’s why Chair Janet Yellen’s statement on Sept. 26 that the central bank misjudged inflation was particularly significant. The speech was an important factor… Continue reading Global Fund Flows at Risk-on Extreme

Newsclips

Echoes of Policy Optimism in ETF Flows

September 29, 2017

Wall Street Journal – Dow Deja Vu: ‘Trump Trade’ Regains Favor Investors betting the Fed will raise rates and Republicans will make headway on tax overhaul The “Trump trade” is making a comeback, reflecting investors’ renewed belief in the strength of the U.S. economy and fresh hopes for business-boosting policy from Washington. U.S. stocks keep chugging… Continue reading Echoes of Policy Optimism in ETF Flows

---

Newsclips

Gold Investors Unfazed by Pullback

September 29, 2017

  Wall Street Journal – Gold Gains, Helped by Weaker Dollar Metals markets will also likely be quiet next week with China on a public holiday The price of gold nudged higher on Friday, with the precious metal benefiting from recent weakness in the dollar. Still, moves across all metals were limited as investors squared their trading… Continue reading Gold Investors Unfazed by Pullback

Newsclips

The Neutral Rate: The Fed vs The Market

September 29, 2017

The Wall Street Journal – James Mackintosh: Take the Fed’s Long-Run Forecasts With a Big Pinch of Salt There is also a nasty short-term implication, says Francesco Garzarelli, co-head of macro strategy at Goldman Sachs. A lower natural rate is the result of assuming the economy has less potential to grow, which in turn might mean higher… Continue reading The Neutral Rate: The Fed vs The Market

---

Newsclips

More On $50 Crude Oil And Drillers

September 29, 2017

CNBC – US drillers won’t generate ‘meaningful’ returns unless oil stays above $50 a barrel, says Moody’s Drillers need prices to stay above $50 a barrel for oil and $3 per mmBtu for natural gas in order to make a significant return on capital, Moody’s says. Oil prices below $50 are simply not going to cut… Continue reading More On $50 Crude Oil And Drillers

Newsclips

Why Hiking Rates Could Kill The Rally In Stocks

September 29, 2017

CNBC – ‘Frothy’ markets remind me of 2007, and rising rates could kill the rally, Stephen Roach warns “The markets are frothy, and it’s a froth again that strikes me as reminiscent of what we saw in a lengthy pre-crisis period in the 2003 to early 2007 period,” he said. “I think the one lesson we… Continue reading Why Hiking Rates Could Kill The Rally In Stocks

---

Newsclips

Warsh Meets With Trump

September 29, 2017

The Wall Street Journal – Trump Meets With Kevin Warsh About Fed Chairman Job President has said he wants to make decision by end of the year President Donald Trump and Treasury Secretary Steven Mnuchin met with Kevin Warsh on Thursday to discuss his potential nomination as the next Federal Reserve chairman, a White House official… Continue reading Warsh Meets With Trump

Newsclips

How Tax Reform Could Affect You

September 29, 2017

CNBC – Chart shows exactly how Trump’s tax reform could affect you President Donald Trump’s tax plan, introduced during the campaign and outlined in more detail this week, aims to “reduce taxes across the board.” But how exactly will it impact you? Will your taxes actually end up lower? Howmuch.net, a cost information website, has created a handy infographic to help answer… Continue reading How Tax Reform Could Affect You