by Paul Horne, Independent Market Economist Why IS the euro so strong against the dollar when bond markets have it on its death bed? Since the onset of the crisis in Greece in late 2009, foreign exchange-traders have been forecasting that the euro will sink to dollar parity before becoming extinct. This expectation is considered [...]
Read more DownloadGreatest Moral Hazard, Says Paul McCulley, Is Austerity Here and Now.
Read more DownloadThree years after the worst financial-economic crisis since the 1930s began; a new international financial, regulatory and fiscal architecture has emerged.
Read more DownloadI am traveling tonight to Santiago, Chile for a conference sponsored by the Global Interdependence Center. I have been asked to discuss the question “Is monetary policy affecting commodity inflation?” and have included the presentation for our clients and friends below.
Read more DownloadA year ago, my colleague David Kotok wrote a Commentary entitled “2010: The Year to Focus on Sovereign Debt.” That has certainly proved to be correct. The year that is drawing to a close witnessed a welcome recovery in the global economy that was overshadowed by a fiscal crisis in the periphery of the eurozone [...]
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