Archive for February 18th, 2015

Deeper Analysis

Note on Oil, the Dollar, and Inflation

February 18, 2015

The genesis of this comment lies in the 1970s, not because of similarities between then and now but rather because the current period seems on anecdotal observation to be an inversion of then.  There were two oil price shocks in the 1970s, a quadrupling of crude in early 1974 and a second sharp upward thrust […] More

Central Bank Watch

Bank of Japan Kept Same Policy Parameters

February 18, 2015

After meeting for a shorter-than-usual five hours and two minutes on Tuesday and Wednesday, the Bank of Japan left its monetary stance, consisting of a 0.0-0.1% overnight money range and asset purchases of JPY 80 trillion per year, consisting mainly of longer-term JGBs with the intent of expanding the average maturity of the central bank’s […] More

New Overnight Developments Abroad - Daily Update

Some Optimism about Greek Talks

February 18, 2015

An anonymous officials claims Greece will request an extension of the bailout program, but the devil is in the details.  Germany suspects a semantic shift only and wants assurances that Greece is prepared to continue the mandated austerity.  The situation is murky, but markets have today been inclined to assume an optimistic outcome rather than […] More