Inflation Left-Tail Is Dying. But Hold The Champagne
The inflation left-tail risk may be “dying out.” That was one message from Nomura’s Charlie
The inflation left-tail risk may be “dying out.” That was one message from Nomura’s Charlie
Credit creation in China slowed dramatically last month, notable data out Friday showed. The figures,
For a few weeks, it appeared as though Chinese equities might serve as a storm
China logged a record trade surplus in June, data out Wednesday showed. There were caveats
Last year, when it became apparent to everyone that inflation might be on course to
Chinese economic activity perked up in May, crucial activity data out Wednesday suggested, but the
News flow felt sparse Thursday, as global markets “struggled for direction,” to employ the boilerplate
I’ve welcomed quite a few new readers this year, and particularly over the past few
Sentiment was muted in Asia Thursday, and only slightly better than that in Europe, as
It wasn’t so long ago — two months, actually — that policymakers in Beijing retained
“China cuts a mortgage reference rate by most on record.” Sounds dramatic, no? Unfortunately, the
Chinese economic activity decelerated sharply in April, data out Monday showed. Despite near daily assurances
Risk sentiment was very poor to start another pivotal week. Trade data for April betrayed
“Facebook and PayPal seem to have reached valuations attractive to GARP investors and even some
For the second time in six weeks, officials in Beijing managed to engineer a rally
It was all about the yen on Thursday, when the Bank of Japan surprised markets
The PBoC ran up against the law of diminishing returns Tuesday, when an attempt to
Have you considered the possibility that the dollar is on the brink of a “super
One constant in an ever-changing market narrative is the notion that equities are one of,
A fairy tale. That’s what I called Zoltan Pozsar’s Bretton Woods III framework earlier this
China cut the reserve requirement ratio for all banks by 25bps on Friday, in a
It wasn’t all bad news in China to start the new week. Although stocks suffered
Although context is key in most cases, sometimes it helps to assess news flow out
Zoltan Pozsar scarcely needs to exalt himself. The financial media does that for him. In
“There’s something apocalyptic about it,” someone told me this week. We weren’t talking about the
Who’s afraid of credit spreads? The Fed, historically. Speculation is rife that overzealous policymakers, terrified
I often forget I’m getting older. I’m fortunate in many ways, not least of which
You must be logged in to post a comment.