economy

U.S. Migration Patterns and California Housing Migraines

In past Housing Market Reviews, I observed a notable shift in housing activity from the West to the South. I have wondered aloud whether this disparity comes from economic choices moving households from relatively expensive markets in the West to relatively more affordable ones in the South. It turns out the IRS has some of … Read more

How Brexit’s Collective Call to Caution Became A Chorus Of Opportunity

The referendum that punted the UK out of the European Union (EU), “Brexit”, is practically a forgotten memory for most people outside of Europe. For example, the aftermath of this vote now looks like an event that quickly shook out the most eager sellers in the stock market and thus paved a course for a … Read more

The Australian Dollar Defies the RBA’s Easing Bias

(This is an excerpt from an article I originally published on Seeking Alpha on August 3, 2016. Click here to read the entire piece.) The Reserve Bank of Australia (RBA) kicked off central bank action for August with a rate cut to a fresh record low of 1.50%. Financial markets were anticipating a cut with … Read more

Forex Critical: Up Is Down and Contrasts Confound

Last week was full of important news for forex trading. As a dollar bull, euro bear, and yen bear, the week presented particular challenges that hedging could only soothe a little bit. I had a good run with these positions in recent weeks. As forex goes, a setback was due – just too bad the … Read more

The British Pound Rises from the Edge of the Abyss

(This is an excerpt from an article I originally published on Seeking Alpha on July 13, 2016. Click here to read the entire piece.) And so ends the flurry of sentiment on Brexit. The Google Trends chart makes “Brexit” look like a big anxiety bubble. While sentiment has calmed down, the British pound (FXB) is … Read more