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What The Yen Might Reveal
The moment you add the yen to any larger financial discussion it inevitably brings out passionate response. I think that is derived partially from its status as unbelievably durable; if there is one...
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Now SHIBOR?
Outwardly, you can appreciate why central banks act as they do under serious and dangerous circumstances. Prices aren’t just what someone will pay but also represent information that is transmitted...
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Greek Butterfly Flaps The ‘Dollar’ Run
Before embarking on the great unknown of Q4 2015, it makes sense to try to gain a little more clarity about Q3 2015. Specifically, the “dollar” run that blasted through China and opened the prospects...
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Better Hope It Really Was ‘Speculators’
Even a quick glance at recent t-bill rates commands further attention. There is obviously a lot going on in the bills market just in the past few months, which may only be unexpected in the sense that...
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Deeper Look At August ‘Dollar’ Run
The TIC update for August estimates provided some clarity on several accounts. Given the nastiness of the “dollar” environment in that month it was certain that the Treasury Department would display...
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There’s Much in the Swiss
Since October 15, gold, yen and Swiss francs have all been pummeled by what increasingly looks like a “dollar” repeat from the start of Q3. It is difficult to suggest whether there is any shift in safe...
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Argentine Shock
Argentina’s election is more complicated than simple economics, but for the first time in a very long time there will be no Peronist in office. It may have been billed as a contest between the...
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Did Something Blow Up in Junk?
There isn’t much as far as confirmation, but it increasingly appears as if “something” just hit the triple hooks (CCC) in the junk bond bubble. At least as far as one view of it, Bank of America ML’s...
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As If We Needed It, Asian ‘Dollar’ Might Be More Complicated, Too
A few weeks back, on March 18, the Japanese government bond market was hit with a “buying panic” of some noteworthy proportion. Yields all across the curve dropped, which takes some doing since yields...
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Why You Should Care Argentina More and More Looks Like Argentina
Why don’t you fight the Fed? Sure, central banks and governments give off the impression that they are in control. The idea is repeated as if a fact. We are led to believe they let markets play around...
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