Another wait-and-see comment.

Fed's Kaplan sees rate hikes soon, Brexit a factor

Trump's apparent ignorance of the exacting processes in place to measure standard features of the US labor market is insulting to the US people, including his supporters.

Trump: Only ‘dummies’ believe Fed’s unemployment rate figure

The Euro is overvalued for most of the countries it 'serves'. Official cash rates are already negative. The countries in trouble are limping along without recourse to ECON101 instruments - not that Greece and others bothered to fully use them when ...

After six years' austerity, Greeks feel no joy from new debt deal

China has not yet developed the financial system infrastructure to move towards a floating currency which lies at the heart of the issue. Until it has that infrastructure we will have second and third best management. China has been modernising for ...

The Yuan and Market Forces: Declaratory and Operational Policy

USA, Europe and Japan have currencies which are over-valued - agreed? USA because rate hikes returning to normal (say, 3%) would blow the USD sky high in current climate - therefore USD is already overvalued. Europe because negative rates cannot ...

America’s Saving Perils

Its not really a debate but a description of what central banks are supposed to do. Also the reverse is true - if it looks like deflation we'll see a rate reduction. He forgot to remind us of that, duh.

This Is Not A Drill. This Is The Real Thing.

Risk-on, Risk-off never went away so its wrong to say it has come back. Rather its useful to say that there are different views in the market about risk, on or off. Its about the percentage in each camp. For example, CHF has been way above 'normal' ...

The Irresistible Force That Dominates Currency Markets Is Back

Something for everyone here. Case for further hike not proven. CBO shows even more resource slack according to the report so where is the rationale for hike??? Check out OECD global outlook June 2nd. USA gradually running out of slack yes but how ...

Dudley: Opening Remarks at the Economic Press Briefing on the U.S. Economy in a Snapshot

Range of 105 to 120 has been established since the recovery of the USDJPY post GFC. Significant moves either side likely to see upscaling of the rhetoric. Japan has new momentum but this has always disappeared after a while (no reason to think ...

Japan and the U.S. are headed for a showdown over currency manipulation

Monetary conditions combine interest rate and exchange rate, both determined by 'free' market in context of central bank interest rate policy stance. So monetary conditions are the ultimate target. Japan needs easier conditions than USA but already ...

Japan and the U.S. are headed for a showdown over currency manipulation

Market is going to be surprised by a surprisingly positive number (again). Trend is job ads is a good indicator of actual jobs. But until the election is over (July 2) a little good news will not help AUD. But consider the fundamentals of Australia ...

Australian Unemployment Preview: RBA Looking Beyond Employment Gains

Looking in the wrong place for causes of US economic and political weakness.

The 'audit the Fed' movement is taking a big step forward in Congress this week

"Today, the unemployment rate is still somewhat above my estimate of the natural rate, 4.7 percent. But waiting too long to have more normalized rates risks possibly overshooting on the unemployment rate, and needing to tighten more quickly than ...

Fed Speak, Claims

deja deja deja deja deja deja deja .... vu

Japan Policy: Fiscal Boost, BOJ Funds and December Elections

Italexit

Italy must choose between the euro and its own economic survival

Yes, global excess supply will keep a lid on US inflation (several own previous comments to this effect). But I do think the FED gets it to some extent hence the delay in raising rates again. And there was discussion at the FED a few months back ...

Fed doesn’t get it about global excess supply, winning forecaster says

Like USA in 2007

Rescaling China’s Debt Mountain

An extremely blunt and ineffective tool. Root cause is that it is totally rational for Kiwis to buy houses because the signal to do so goes right back to the net impact of several central government policies. These policies provide a very high after ...

Finance Minister says RBNZ takes financial stability seriously and will use lending control...

UK has had 43 years in the EU and they don't know? If in doubt, get out. If there is no doubt that staying in would be better would it not be obvious to a majority already? Continual stop/go sequencing is working against EU and now we have Grexit ...

Should we stay or should we go? UK businesses on the EU referendum

This report fails to mention that labor productivity also improves as the economy grows and so pressure on prices through the labor market depends on the combination of earnings (wages) and productivity. This is ECON 101 stuff so its really ...

This is the jobs report we've been waiting for