ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
President-elect Donald Trump made a strong promise to bring back jobs to the U.S. from overseas. Manufacturing employment was a particular showcase in this campaign pledge. There are a lot of reasons to believe that a to return jobs to the U.S. will be extremely hard to accomplish. I am particularly struck by the data … Read more
This past week was an important one for monetary policy. The Bank of England (BoE) made clear it is willing to put off rate hikes as long as necessary. Despite its words that suggest otherwise, the Bank is NOT biased for action. U.S. Federal Reserve Chair Janet Yellen made it clear that, all else being … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 21, 2015. Click here to read the entire piece.) In several posts over the past few years, I have written about the many constraints binding the housing market. Based on recent news, the situation has yet to improve and has … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 10, 2014. Click here to read the entire piece.) The bursting of the housing bubble destroyed the supply chain at several critical junctures. For example, employment in the industry collapsed. While the overall unemployment rate in the industry has returned … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 9, 2014. Click here to read the entire piece.) Suddenly, prospects for the Canadian dollar (FXC) are presumably improving with unemployment making a dramatic turnaround over the last two months. September’s good news was drowned out by October’s sharp sell-off … Read more