Author : Marc Chandler

During the Great Financial Crisis, Hyman Minsky, was rediscovered.  Minsky's insight was that long periods of steadily rising asset prices encourages financial engineering and leveraged bets that assume a...

The ECB meeting or more precisely, the press conference, is the main event of the day, and possibly of the week and month.  ECB President Draghi and Vice President...

The US dollar is extending its advance as the divergence theme moves into overdrive.  The dollar has drawn close to JPY119.50.  The euro has fallen to new lows near...

Megan Trainor tells us it is "All About the Base".  It seems like many reporters and analysts may be mistaking her lyrics as it is all about debase, as...

After yielding ground yesterday, the US dollar comes back bid today.  The main driver is the divergence that favors the US.  Specifically, yesterday two people we have identified as...

OPEC is a cartel but it is a strange species in the sense that it only accounts for about 40% of oil production.  In the past exerted its influence...

With the broader dollar appreciation trend losing steam in last several weeks, the fall in oil prices has become the main external variable determining EM performance.  Russia, of course,...

The US dollar is mostly softer as North American participants prepare to return from what, for many, was a long weekend. The greenback had initially moved higher, hitting JPY119.15...

Throughout the last few months, we have identified three forces that are shaping the investment climate:  the economic and monetary divergence that favors the US, the decline in commodity...

The US dollar has been consolidating for the past couple of weeks, and that phase appears to be ending.  Next week's economic data and events will likely underscore the...