Our society is dependent on some precarious mechanisms 8230 Doris Lessing US stocks have not taken kindly to a possible return of higher for longer at the Fed We

The macro economic discipline can be thought more or less as an evaluation of a constant stream of surprises many of them unpleasant A constant stream of bad news activates

The April Beige Book was released a couple of days ago Textual analysis of the report suggests notable increase in optimism about US economic prospects Overall sentiment rose to the

Before the GFC there was a well defined framework for liquidity management That framework no longer exists The ad hoc evolution of policy since 2007 undermined the old arrangements without

During the week I had an extended email conversation with an old friend The interchange highlighted two aspects of the debate about the dollar s exorbitant privilege and the threat

Textual analysis of the latest Beige Book suggests sentiment from around the Fed districts remains modestly optimistic about growth with a decline in concern about inflation but certainly no all