It’s about time that I share with you all a little secret. The situation in the markets is much worse than you realize. While that may sound like someone who has been crying “wolf” for the past several years, in all honesty, the public has no idea just how dire our present situation has become. […]

In a move that stunned China currency watchers, late on Friday (local time) Bloomberg reported that China’s central bank decided that it would remove a  reserve requirement for financial institutions trading in FX forwards for clients by cutting it to zero from 20% currently. The change would take place on Monday, September 11 (it has yet to be […]

Shutterstock Consumer spending is an important part of the economic forecast, though not the whole story. To predict future spending, I look at consumer incomes, pent-up demand, interest rates and credit availability, and attitudes. But attitudes are mostly derivative from the fundamentals. When incomes are up and unemployment is low and interest rates are low […]

Brexit negotiations hit the rocks with the size of the Brexit divorce bill the key issue. The Independent reports: Britain is ‘backtracking’ on its Brexit divorce bill commitments, moans Michel Barnier, the EU’s chief negotiator warns. My response: Hooray for the UK!   Michel Barnier said he was “disappointed” by the UK position and publicly warned the […]