FOMC: NOT a “lengthy cutting cycle”
The FOMC cut rates a quarter point, as was well telegraphed by the Fed over the last month, and as was fully anticipated by...
How do sanctions impact the Russian economy?
The big news last week was the imposition of economic sanctions on Russia by the US. According to the US Department of State, the...
Who’s to blame for the US Trade Deficit?
Put simply, perhaps the most important reason for the US trade deficit is the US government itself. Allow me to elaborate: bank lending has...
The Fundamentals of Inflation
In a recent post, we have defined what inflation is and how it affects exchange rates. In short, inflation means that the supply of...
Black Monday 1987 – Could it happen again?
USA30, Daily
On the third Monday of October 1987, Black Monday, as it became known in the financial markets, happened. October 19 1987 saw the...
Markets ahead of Powell Testimony
Fed Chairman Powell's Monetary Policy testimony today won't break new ground, going by the already released report from Friday. The Fed's assessment was an...
