eurodollar

6 min read 2021-12-04 04:10:01

The Repeating Tides of Payroll And Inflation

There were all kinds of good news in the August payroll report. The Bureau of Labor Statistics would publish an acceleration in headline numbers,

1 min read 2021-11-20 00:43:50

At first, it was taken as a sign of relief, of strength and the return of good fortune. So many massive ships each overloaded with containers stacked

1 min read 2021-11-19 03:25:28

The bond market’s verdict has already been rendered. In fact, the judgment was made even before this year’s CPIs surged to the highest they’d

1 min read 2021-11-18 06:39:30

The TIC data is great, it’s fantastic and wonderful if by comparison to the utterly slim pickings available elsewhere – which is practically nil.

1 min read 2021-10-30 07:09:48

Supply shock versus inflation. There’s a huge difference, both in terms of what causes each and how they play out. As discussed in great detail

7 min read 2021-04-10 05:11:08

If there is one thing Economists understand very well, it’s mathematics. This is practically all they do, and all that means much to their

6 min read 2021-04-08 07:03:17

Twenty-fifteen was an important yet completely misunderstood year. The Fed was going to have to become hawkish, according to its models, yet oil

8 min read 2021-04-07 05:32:13

The sound of economic sizzle finally within earshot, though perhaps nearly a year too late. PMI’s for the month of March 2021 were of the sort

6 min read 2021-03-30 05:11:54

My entire premise was to make this mockingly simple. Econometrics demands mathematical precision yet always comes up empty because its calculations,

4 min read 2021-03-27 06:47:49

One other fascinating, corroborating angle to the short run picture comes at us from Europe, specifically Germany. As illustrated yesterday,

7 min read 2021-03-25 05:22:40

In theory, it goes like this: QE or any sort of large-scale asset purchase (LSAP) undertaken by a central bank is needed during times of trouble in

6 min read 2021-03-24 04:27:45

Is it a building case of/for selling the news? Another substantial down day in the oil market brings the total slide to just more than 13% (since

8 min read 2021-03-11 05:37:32

This particular part of the hysteria is understandable, if thoroughly unconvincing. Forget the Fed and its bank reserves for moment, whatever those

4 min read 2021-03-09 08:06:11

It’s standard textbook stuff. Convention has it that “capital flows” are determined by the portfolio effects of interest rate differentials.

3 min read 2021-03-04 07:53:04

It’s understandable, even natural to focus on the amplitude of this or any BOND ROUT!!! and make comparisons to past reflationary trends on that