Where Would Interest Rates Be If The Fed Didn’t Exist?

Where Would Interest Rates Be If The Fed Didn’t Exist?

On January 7th CNBC’s Rick Santelli and Steve Leisman engaged in a heated debate that posed an interesting question; is the free market at work keeping interest rates low, or is it the central banks’ put? This made me consider the real question to ask...
Warning Signs

Warning Signs

A common theme in most of last year’s missives was the extreme level of complacency in the markets due to extremely low volatility. That has now changed as over the last couple of months market movements have expanded rather dramatically. The previous...
Cutting Their Losses, Early

Cutting Their Losses, Early

The Swiss National Bank (SNB) shocked currency markets Thursday of this week with a policy decision that crippled the Euro-Franc cross. Their announcement sent the franc soaring 30 per cent against the euro before settling lower, (still 16 per cent stronger) into the...
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