ref :- "Threats to the dollar's hegemony", The FT BIG READ, The Financial Times The FT's Big Read columns are fairly substantial pieces of work and one certainly couldn't point readers to all the ground they cover in a meagre little blog like this one ..... but what we can say is that today's Big Read is definitely worth catching in full, and should reward the time invested. It seems like people have been predicting forever the demise of the US dollar as the overwhelmingly mo
ref :- "Move over VIX", Buttonwood in the Economist May 22 - 28, Finance and Economics Regulars will know that every now and again we like to drop in on the VIX, the CBoE's Volatility Index. Well, when something gains the moniker of "The Fear Index" you've got to keep at least half an eye on it, haven't you? The level of the VIX reflects the cost of options on the S&P 500, and a rising VIX number suggests that investors are prepared to pay more for insurance against extreme m
ref :- "Summers says low Fed interest rates fuel complacency in financial markets" ref :- "BoE on alert for prolonged inflation rise" ALL FROM THE FINANCIAL TIMES , 19/05/21 Having raced through some of the mainstream financial media all lot quicker than we would have liked this morning we will just point the way to two pieces in the FT, which as it happens should be looked at together. Larry Summers, former Treasury Secretary in the Clinton administration and advisor to suc
ref :- "Inflation Hits a High Note", The Wall Street Journal, Markets / Heard on the Street What, Inflation again? 'Fraid so, and apologies for revisiting the subject once more as though it was the only thing affecting markets .... it's not, it just feels that way. But the WSJ piece is just a quickie really and after yesterday's US inflation data gave markets another fright it seems reasonable to have a look at something along those lines. US Consumer prices rose in April 0.
ref : " Traders Ramp Up Bets on a Hawkish Fed Surprise at Jackson Hole " , Bloomberg Markets There's no shortage of commentators forecasting a nasty surprise on the inflation front and the effects it might have (rates up, markets down). So many in fact that one wonders it would be right to call it "a surprise" at all. On the face of it however, investors, especially in stocks, aren't too worried as they they force indices up to repeated record highs. Of course, FOMO's got a
ref : "Yellen's Interest - Rate Comment Illustrates the Market's Greatest Worry" , The Wall Street Journal, Markets To be fair, the WSJ piece is not really about communication foul-ups as such. But in explaining how yesterday's sharp late reversal in equity prices in general and growth stocks (esp. techs) in particular came to pass, it inevitably identified one .... albeit a very minor addition (we assume) to what is a long and inglorious catalogue. Treasury Secretary Janet Y