Tag Archives: inflation

Overview: The US dollar has a softer profile today. All the G10 currencies are higher, led by 1%+ surge in the yen amid heightened speculation of a rate hike next month, while the US 10-year yield is near 4.25% today, the lowest since the election. Although the Reserve Bank of New Zealand allows for another half-point cut after delivering the second one this year earlier today, the New Zealand dollar has popped up amid sell the rumor buy the fact type of activity....

Share this article Part I of II There is no question that gold owners have been finally and spectacularly vindicated over the last months: the “barbarous relic”, the “worthless shiny rock”, as many have called the yellow metal, once again proved its value as a true safe haven. In the face of inflation, intense geopolitical turmoil and widespread uncertainty, investors fled to safety “en masse”, as they consistently, repeatedly and predictably have done for decades (if not centuries),...

Overview: The dollar is trading quietly, with a slightly firmer today. There has been little follow-through selling after yesterday's setback. The Canadian dollar and sterling are faring best. The yen is a little softer after Tokyo's CPI came in lower as expected due to the government's energy subsidy. The election for the lower house of the Diet is held Sunday. Emerging market currencies are also mostly softer. The JP Morgan Emerging Market Currency Index is poised...

As we enter the final quarter of 2024, there are a lot of questions facing investors. There are, of course, always a lot of questions because investors are always dealing with the future, but today’s environment does seems to have more than usual. Some of these questions concern short-term considerations and while they are important, it is more important to remain focused on the long-term trends. Here’s what I’m thinking about lately: Let’s get the one everyone is...

To analyze the transmission from interest rate policies to output and inflation, many academics and central bank economists use the basic New Keynesian (NK) ‘three-equation model’ and its various extensions. A key factor responsible for the model’s success is the seeming alignment with conventional wisdom—some of the model features can be framed in the language of familiar business cycle narratives, as found in newspapers, central bank communication, or introductory macroeconomics...

Share this article It’s been a fantastic year for physical precious metals owners and by many accounts, the best is yet to come. All the issues we’ve been warning against for years, including inflation, currency debasement and government suppression of individual financial liberty have started boiling over in a way that is so obvious, that even the most naive citizen can clearly comprehend.  Despite the efforts by politicians and institutional leaders to convince the taxpayers not to...

Overview: An unexpected decline in Japan's unemployment did not prevent a retreat in the yen to a four-day low ahead of tomorrow's data and conclusion of the BOJ meeting. The dollar has probed the JPY155 area where nearly $3.5 bln options expire today. An unexpected contraction Germany's Q2 GDP was offset in the aggregate by better French, and especially Spanish figures, leaving the euro consolidating in a narrow range (~$1.0815-$1.0835). The greenback is softer...

Die Mieten für Wohnungen sind im zweiten Quartal 2024 in fast allen Regionen der Schweiz weiter gestiegen. Bei den Büroflächen zeigt sich hingegen ein durchzogenes Bild.

Overview: The dollar is mostly consolidating yesterday's CPI-inspired decline. The main features include the market bidding the US dollar back above JPY159 despite more speculation that the BOJ did in fact intervene yesterday and checked on the euro-yen cross in the local session today, and unexpectedly soft Swedish inflation, which the swaps market says could spur three rate cuts here in second half. A record trade surplus and strong aggregate lending figures did...

Wer hat die Kontrolle über Dein Geld? Zentral oder dezentral ist nicht egal. Staatliches Geld enttäuscht auf mehreren Ebenen. Doch Bitcoin löst das Problem. Warum sollte ich Steuern bezahlen, wenn der Staat doch selbst Geld drucken kann? Diese Frage stellt man sich spätestens, wenn wieder einmal die Steuerrechnung in den Briefkasten flattert. Der Staat will mein Geld. Doch Moment: Eigentlich ist es ja sein Geld: Er kontrolliert es. Er verwaltet es. Er druckt es. Und zwar immer...