Fresh Out Of Patience, Australia’s Uber-Dove Shocks Markets
It wasn’t so long ago when RBA governor Philip Lowe was a “patient” man, predisposed
It wasn’t so long ago when RBA governor Philip Lowe was a “patient” man, predisposed
On Friday, Elvira Nabiullina cut Russia’s key rate for the second time since an emergency
Despondent investor psychology and ostensible evidence of “peak inflation” aren’t a bad setup for a
Traders bled the hawkish Fed narrative for everything it was worth on Thursday, as Jerome
On at least two occasions since the onset of hostilities in eastern Europe, I suggested
The absence of a governor didn’t stop South Korea from hiking rates on Thursday, when
America may be nearing peak inflation, but that won’t be apparent in CPI figures for
Russia was already the most sanctioned nation on the planet. As of Wednesday, it’ll extend
In the weeks since the West moved to seize Russia’s foreign currency reserves, (too) many
Just hours after Germany dropped its opposition to barring Russia from SWIFT, the West unveiled
Irrespective of any spin or successful needle-threading from Jerome Powell, there’s a chance the Fed
Risk sentiment attempted to stabilize Monday following a grievous Friday rout on Wall Street, but
US and global equities came into Friday poised for a fifth consecutive weekly gain. For
In “Napalm,” I contextualized recent front-end rates fireworks by reference to a possible shift in
One bond market recap featured the word “bloody.” I suppose the hyperbole was apt. Last
“Not for me to say.” That was Christine Lagarde’s assessment Thursday when, following the October
The financial media was awash this week with headlines about flattening yield curves and what
Central banks may be reinstating the fourth wall. Following Janet Yellen’s decision to postpone liftoff
The Bank of Canada on Wednesday became the latest central bank to suggest (tacitly) that
Last week, following a second consecutive rate cut from Turkey’s hopelessly beholden central bank, I
The Bank of Korea showed you can hike rates while virus cases are elevated without
It’s all too easy to cite a litany of concerns in the course of suggesting
One of this week’s media narratives revolved around the juxtaposition between a still-dovish Fed and
John Williams gave a speech Monday, which wasn’t news. And, really, neither were his subsequent
In addition to the onset of earnings season in the US, the new week brings
[Editor’s note: When I set about writing this, I had something different, albeit tangentially related,
Maybe we just need to go back to old fashioned, hand-written ledgers. “Received: 22,500 cows.”
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