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The United States took over from the United Kingdom as the world’s most powerful nation in the early 20th century. Not only politically and militarily, but also culturally. In retrospect, [...]

The direction of financial markets at the moment is mainly determined by interest rate movements. Whereas rising interest rates first caused price losses, falling interest rates are now causing [...]

Ten years ago, a Japanese with 10,000 yen could buy a $132 product in the United States, now a product of only $71. Conversely, Japan has become cheaper and cheaper for tourists. Ten years ago, [...]

While the price explosion in the US stock market last week looked spectacular, the fall in the dollar was equally spectacular. Now, there are always many different factors affecting currency [...]

On Tuesday, November 8, Americans may go to the polls. 435 new members of the House of Representatives will be elected. Currently, 220 House seats are held by Democrats and 212 by Republicans [...]

The development of the US dollar is highly relevant to the direction of financial markets. Whether the world likes it or not, the world does depend on the US dollar. The only one that can print [...]

A central banker who turns from shrinking their balance sheet to unlimited government bond buying in a week is panicking. The moment central bankers panic, the market doesn’t have to. It means [...]

The pound fell last week to its lowest level against the dollar since 1985 and five-year interest rates rose 50 basis points in a single day. The trigger was a £45bn package of tax cuts, the [...]

In brief The Federal Reserve raised interest rates by 75 basis points. Fed policymakers expect interest rates to rise to 4.6% by the end of next year. Earlier, they still assumed a peak of 3.8%. [...]

There is a growing imbalance in the world. Large trade surpluses are offset by large deficits elsewhere. In the face of monetary prudence, there is the monetary madness that seems to result from [...]