Deeper Analysis
And There It Is.. New Political Leadership Tempted to Depreciate the Dollar
March 4, 2021
An extensive article appearing on the front page of the New York Times business section two days ago and entitled To Revive Manufacturing, Weaken the Dollar? cites several economic policy advisors in the Biden administration being in favor of a carefully controlled slide in the dollar. One theme running through their thinking is the assertions […] More
Central Bank Watch
Central Bank Rate Hike in Ukraine Wasn’t Expected
March 4, 2021
Above-target inflation in Ukraine inspired officials at the National Bank of Ukraine to hike their policy interest rate by 50 basis points to 6.5%. The move was unexpected and the first tightening since a 50-basis point advance to 18.0% in September 2018. Officials had eased five times by a total of 450 basis points in […] More
New Overnight Developments Abroad - Daily Update
Dollar Up, Equities and Bond Yields Lower, and U.S. Capitol on Alert
March 4, 2021
March 4th was the day U.S. presidents were inaugurated until the 1930s, and there’s internet chatter suggesting a possible reprise of the January 6th attack on the Capitol. Widely anticipated geopolitical traumas rarely seem to happen as planned. A notable exception occurred July 1, 1997, the day that Hong Kong reverted to Chinese rule. That […] More
