Rebutting Conventional Wisdom Takes on the U.S. Consumer, Inflation and the Fed from the Latest Data
The February report on personal income, consumer spending and PCE (personal consumption expenditure) prices for the U.S. was published on Friday....
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Uncertainty and Contradictions
There are ongoing high levels of global uncertainty related to Brexit, uncertain US government policy direction, modest policy tightening in China,...
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USA Confidence Fades, EUR Fortunes Rise, AUD Angst Builds
The outlook for the USD looks weaker on a number of counts – Trump optimism has faded, the Fed has emphasized a gradual approach, and recent US...
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Quick Thoughts on the Outlook for U.S. Tax Reform Following the Failed Health Care Effort
We would have preferred the Trump Administration to have made tax reform (particularly of the corporate tax code) the first legislative priority...
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NZD to Follow US Yields, RBNZ to Stay Out of the Way
The NZD is one of the most over-valued currencies compared to its long-run average real effective exchange rate and its historically low yield...
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