Tag Archives: Featured

Marc Chandler In Bloomberg I was on Bloomberg TV earlier today, chatting with David Gura about how to try to make sense of new Trump Administration.   I suggest that the decision-making style and practical concerns have created two wing to the Administration. There is a populist-nationalist wing that is home to America First ideas.  The other wing is much more rooted in American political tradition.  Many things, for...

Marc Chandler In Bloomberg I was on Bloomberg TV earlier today, chatting with David Gura about how to try to make sense of new Trump Administration.   I suggest that the decision-making style and practical concerns have created two wing to the Administration. There is a populist-nationalist wing that is home to America First ideas.  The other wing is much more rooted in American political tradition.  Many things, for...

In June 2012, Janet Yellen, then the Vice Chairman of the Federal Reserve, addressed an audience in Boston with what for the time seemed like a radical departure. It was the latest in a string of them, for conditions throughout the “recovery” period never did quite seem to hit the recovery stride. Because of that, there was constant stream of trial balloons suggesting how the Federal Reserve might try to overcome this...

© Steeve Baillon – Dreamstime.com Tribune de Genève. The French tax authorities will not get Swiss help to investigate tax payers identified in data taken by Hervé Falciani from HSBC private bank in Geneva. HSBC, owner of the private bank in Geneva, which became part of HSBC in 1999 when it was acquired from Republic National Bank, a group run by Lebanese-born financier Edmond Safra, described the data taken from the...

Swiss Franc EUR/CHF - Euro Swiss Franc, April 14(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates The holiday-induced calm in the capital markets conceals a high degree of anxiety. The investment climate has been challenged by heightened geopolitical risk and unusual complaints about the US dollar’s strength from the sitting US President. While sending an “armada” toward the Korean...

– Bank of England implicated in LIBOR scandal by BBC – “We’ve had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower.” – “This goes much much higher than me” -UBS’ Tom Hayes – Libor distraction as all markets are manipulated today –  Central bank’s “rigging” bond markets and likely gold – Risks of bank ‘holidays’, capital controls and of course bail-ins remains Bank...

‘Exceptional’ America is seriously lagging behind in global life expectancy… Via: MesoTreatmentCenters.org Some additional details… Life Expectancy Indicates a Country’s Overall Well Being—So Why Is Ours Dropping? The last time U.S. life expectancy declined at birth 1992-1993: 75.8 to 75.5 years Resulting from high death rates from AIDS, flu epidemic, homicide, and accidental deaths After years of life expectancy...

‘Exceptional’ America is seriously lagging behind in global life expectancy… Via: MesoTreatmentCenters.org Some additional details… Life Expectancy Indicates a Country’s Overall Well Being—So Why Is Ours Dropping? The last time U.S. life expectancy declined at birth 1992-1993: 75.8 to 75.5 years Resulting from high death rates from AIDS, flu epidemic, homicide, and accidental deaths After years of life expectancy...

Summary: China’s trade concessions seem modest, but little discussion of US concessions. Reports suggest Trump is set to sign a new executive order to investigate trade practices in steel, aluminum, and maybe household appliances. Trade imbalances and floating currencies are not mutually exclusive. Last week’s meeting between the US and China’s Presidents did not produce much fireworks or headlines. The...

Where’s the growth going to come from as the dominant generation makes less, borrows less, spends less, saves more and turns away from long commutes, malls and suburban living and abandons the worship of private vehicles? If anything defined the postwar economy between 1946 and 1999, it was the exodus of the middle class from cities to suburbs and the glorification of what Jim Kunstler calls Happy Motoring: freeways,...