They’re Coming to Take Away Your Cash
byThe stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason…
Financial Stability
Greece in or out – Investment Opportunities?
byGreece needs to reschedule its debt or default Capital Controls maybe inevitable A piecemeal solution is not the answer, yet it’s more likely than…
Mario Draghi – Prime Broker to the Universe
by[This article first appeared here http://truesinews.com/2015/04/10/mario-draghi-prime-broker-to-the-universe/] When even the eminent lawyer, Christine Lagarde, interrrupts her incessant calls for more ‘stimulus’ to confess that yes, peut-être, we ought to…
Midweek Macro Musings
by[This first appeared here http://truesinews.com/2015/04/08/midweek-macro-musings/] Here we present one of a series of brief runs-though of the salient events of the past week or so….
THE TROJAN HORSE BATTLE FOR THE EURO
byAt a recent conference hosted by a major global bank in London I sat on a panel alongside a macro investment strategist who referred…
Swiss National Bank Throws Banks, Self Under Bus
byIn 1985, Arnold Schwarzenegger played John Matrix in the action movie, Commando. One line stands out. While dangling a bad guy over the edge…
Greece, Germany and the ECB: and what it means for Bonds, Stocks and the Euro
byGreece is back in the spotlight amid renewed fears of a break-up of the Euro as the Syriza party show a 3.1% lead over…
Time Horizons And Time Preference
byRecent dollar strength has been a surprise to many but a strong dollar was also a key component of the Asian currency crises of…
The Real Fed Tug Of War: the Yellen Doctrine vs. the Volcker Doctrine
byThe financial markets are on a hair trigger as to when, and how quickly, the Fed will tighten and raise interest rates. Billions of…
Models, Damn Models and Statistics, or Math Gone Mad
byParliamentary committees are not especially noted for entertainment, but the November Treasury Select Committee hearing on the Bank of England’s Inflation Report is a…