global reserve currency

There’s Dollar In The Rate Cut, But Not Nearly Enough Dollar

By |2019-07-31T16:54:04-04:00July 31st, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The insurance rate cut has been issued. Telling the assembled members of the press this is nothing more than a “mid-cycle adjustment”, Chairman Powell was cautious not to betray too much concern. The first rule of central banking is not to make anything worse. Subprime must always be contained. Yet, he has the unenviable task [...]

Not A Paradox Nor A Conundrum: TICked at Powell

By |2019-07-17T17:04:15-04:00July 17th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It seems a paradox, at least like it is backwards. The financial media doesn’t help because good editorial standards rely upon the opinions and beliefs of credentialed people who have no idea what they are talking about. If you hold high office in some central bank, we are to assume you are competent about monetary [...]

Irony of Ironies; It’s Been Federal Funds Leading the Bond Yield Plunge The Whole Way

By |2019-05-28T16:51:44-04:00May 28th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Tomorrow will be one year since the global monetary system broke. Or, for the sake of accuracy, broke again this for the fourth time. There had been warnings going all the way back to September 2017 about how all was not right in the realm of reserve currency. These would take on added importance at [...]

The Real Trade War

By |2019-05-06T15:56:58-04:00May 6th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The competition was fierce. Vying for the eventual affections of Indonesia’s traveling public, Japan and China were locked into an auction of one-upmanship. Businesses from both countries had submitted bids to build the first high speed rail line in the growing emerging market center. As a first step, there would be bullet train service between [...]

The Real Reason Why Stop/Go Is Back To Stop Again

By |2019-03-05T18:31:57-05:00March 5th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

These things have typically started in global trade. This makes sense given what we are dealing with are intermittent problems in global money. Quite simply, you can’t trade if you can’t get any. Therefore, the more acute the dollar shortage the more disruptive to the global merchandise economy. The one exception to this pattern was [...]

Finally Some Real Data…For November

By |2019-02-01T15:45:57-05:00February 1st, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The payroll report wasn’t actually the first. The Treasury Department filed its Treasury International Capital (TIC) update yesterday, about two weeks late due to the federal government shutdown. However, since nobody follows it and the figures relate to a lot that’s beyond the US economy it doesn’t count in the mainstream view. That’s a shame [...]

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