AUD is out of favour Forex rates now to savour

RBA Index of Commodity Prices May 2017

GBP is undervalued but not now a good trading opportunity given the volatility in the voting public - at least according to the polls. I can't see that a close result either way will be a big plus even if you think there will be some sort of relief ...

UK manufacturing sees further marked growth in May

Don't recall these polls being reported here on FF.

Sterling steadies after opinion poll pummeling

Things to support = free trade (because its fair), promote market competition (because it facilitates change), promote democracy, the rule of law and property rights (because there is an invisible hand), promote education (because informed decisions ...

When Bill Gates and Mark Zuckerberg sound the same dire warning about jobs, it’s time to listen

The appropriate measure is the broad measure of the Euro - the nominal effective exchange rate. Its low point was 81.3 in late 2000 and high point of 114.4 in December 2009. Today the measure stands at 96.69 up from a recent low of 90 during the ...

Euro rally overdone or start of new uptrend?

This article is devoid of economic substance.

Monetary Policy That Is Strangely Devoid of Money

No

3 Numbers: Will Trump's trip exceed low expectations?

The aftermath of the Global Financial Crisis includes the view that the US and global financial systems are not yet resilient enough to be fully confident that these systems will work well in extreme events. The continuation over many quarters of ...

Stocks, bond yields drop Washington turmoil rattles markets

The big picture has not changed much except a relief rally from fears that a scary outcome would come via the ballot box. Its true that there are signs that many reform measures in selected member countries are starting to bear fruit. It is also ...

Thank France for the new love affair with the euro

The idea that a world of cheap labor, cheap capital and cheap commoditites reflects an absence of worthwhile investment opportunities (the vehicle for economic growth) is illogical. The opposite argument makes more sense. The truth is that there are ...

Fed's Kaplan: Lower bond yields may reflect outlook for growth - Bberg

Most if not all industries are regulated to some extent due to the failure of market conditions on their own to provide outcomes which are harmful in some sense. The US financial crisis was certainly harmful in a great sense but the question remains ...

Trump says he's thinking about breaking up the big banks

Investing is always risky/uncertain. But so is doing nothing. 44 years of EU did not work.

Brexit: UK carmakers 'sitting on their hands' rather than investing

Lack of evidence seems to be the catalyst for this decision. If the global market is acceptably efficient then it would be unfair as well as inefficient for the state to intervene in this way. But if the global market is being rigged somehow ...

Malcolm Turnbull defends energy market intervention to shore up domestic gas supply

Adaptation is the key concept one underscored by Brexit itself. The whole of the UK will be moving forward within a rapidly growing global economy without being fettered by Europe in a 3 legged race. Economics offers tools to move beyond partial ...

Will London Survive Brexit?

Sources of US financial crisis built up during his long watch. He is trying hard not to face up to his own shortcomings.

Ex-Fed Chairman Greenspan: Get rid of Dodd-Frank and watch economy and stocks soar

Wrong! The weaker economies were not forced to sign up for the Euro. They did so willingly as one way of trying to get orthodox (sensible) economic policies in place to improve the prospects for their people. But the people themselves usually have ...

They want to kill the euro: Why many Europeans want their money back

Another flip flop. He said he would tear it up.

Sean Spicer: Trump directing interagency review of Iran nuclear deal - White House press brief

A remarkable thing happens as interest rates expectations adjust to an ever lower level. It is that price to earnings ratios begin to accelerate as an approximate inverse to the bond yield. This is what led Greenspan to warn against exuberance ...

High Stock Prices and Low Bond Yields Can't Last

Job ads have been trending up for some time so while the jobs data has always been volatile if you take a 3 month moving avg and 3 month MAV of job ads you begin to get some sense. The unemployment rate is unchanged which is weird but no more weird ...

Australia's Jobs Report Smashes Expectations

Nice one Cliff

Why financial markets are closed on Good Friday