Tag Archives: Cool Video

I had the privilege today to appear on Canada's Business News Network. It is a great source for information on the Canadian economy and markets.  I was interviewed by Michael Hainsworth.   We discuss the Bank of Canada's decision not to cut rates today, which seemed highly discounted in the interest rate and derivatives markets.   The market seems to have simply pushed the rate cut expectation out to the spring, by which time the Liberal government is expected to present its budget.  ...

I had the privilege of talking with Scarlet Fu and Joe Weisenthal on Bloomberg TV. They gave me an opportunity to discuss my big picture view of the dollar and the Obama dollar rally. While the Reagan dollar rally was driven by the policy mix, and the Clinton dollar rally was driven by the tech bubble, the Obama dollar rally is being driven by monetary policy divergence. Divergence itself has a bit of a history. The first phase was about what other countries were doing, namely easing...

I had the privilege of being on CNBC to discuss the significance of China being included in the IMF's Special Drawing Right. Here is the link to the discussion.  The decision was announced shortly after the interview on CNBC.  It was largely a foregone conclusion that China would join.  Besides the confirmation, the new news was in the weighting.   China's yuan got an almost 11% share of the new SDR that will be launched 1 October 2016.  The room for the yuan comes comes mostly at the...