Whether you trade US consumer abs, European bank credit, Aussie government debt or USDMEX there is almost certainly one chart featured prominently on your screen(s) - the S&P 500. In times of unprecedented uncertainty and crisis, correlations always move sharply...
While I am not a huge fan of either survey or TIPS based measures of inflation expectations, today's UMich inflation expectations release is going to raise some eyebrows at 20th and C Street in DC!!! The following statement from the Jan 26th FOMC meeting may need a...
There are many messages in my inbox this morning on the Japanese quake. While I don’t think anyone has successfully been able to grasp the extent of the damage, the size of 8.9 is truly shocking. Such a quake is capable of horrific destruction. We can all only hope...
There is plenty to discuss this morning in light of the US data, the Fed testimony and the ECB red alert. First, the US data were strong – claims, the U rate and the employment components of the PMIs all point to a MUCH stronger employment picture for Q1 2011 than...
The greatest macroeconomic debate of all time is that between the classics and Keynesians. It was best represented in the 70s, 80s and 90s when one looked at the research from the fresh water schools - Chicago/Rochester/Carnegie-Mellon versus that from the salt water...
The greatest macroeconomic debate of all time is that between the classics and Keynesians. It was best represented in the 70s, 80s and 90s when one looked at the research from the fresh water schools - Chicago/Rochester/Carnegie-Mellon versus that from the salt water schools - Harvard/MIT/Princeton. If we could put figure heads on each side […]
