Sunday, October 04, 2015

USA: Earnings vs The Economic Clock

"...earnings releases ...could move markets more than the Fed." (Howard Silberblat, S&P Dow Jones Indices) Diminished expectations ... Read More >>

Tuesday, March 10, 2015

Exchange rates: why they don't determine trade flows

Multinationals, not exchange rates, drive trade flows! How multinationals influence trade balances.  At its simplest: as Coca-Cola  ... Read More >>

Monday, January 12, 2015

Blooomberg TV: Why markets will crash

Markets will crash because of currency mismatches.  My Bloomberg TV interview of today: http://www.bloomberg.com/video/emerging-market-debt-cr... Read More >>

Saturday, November 08, 2014

Lower oil = a tax cut. Winners & losers

 A tax cut. Since June, oil's price has dropped by a quarter. See this as a tax cut that benefits oil consumers. This means that next to ... Read More >>

Saturday, November 01, 2014

Yen/Dollar: Exporters and sector strategies

Japan's monetary base.  As you know, just this Thursday the Bank of Japan (BoJ) decided to expand its monetary base by an average 24%, to... Read More >>