exercise

The Dollar Carry Trade's Impact On Global Equities Is Increasing …

I would say there is no pleasing some people, but that statement is incomplete; a better assessment is that there is no pleasing people in general and people eager to shift responsibility in particular. Take the nonstop complaining by receivers of the dollar carry trade after the launch of QE in March 2009. Political leaders — a class well-versed in […]

Finally! The stock market gets a reality check—Commentary

Thursday saw the market finally begin to react, to reprice based on the current environment. But why? Was it earnings? Was it China? Was it the Federal Reserve? How about a little bit of everything. News of a potential default in China along with a weak report on Chinese manufacturing (the Markit/HSBC purchasing managers’ index) causes […]