Towards a global debt crisis?
Governments are increasingly meeting their fundraising needs by issuing debt, not only through regular auctions but also, increasingly, through syndicated sales involving paying fees to...
Can India replace China as the engine of global growth?
China is slowing down, and Western governments increasingly see it as a rival rather than an economic partner. Along its southwest border, another booming economy...
American producers major beneficiaries of sanctions on Russian oil
The United States is the primary beneficiary of sanctions on Russian and Venezuelan oil. American oil exports have set five new monthly records since Western...
The dollar will remain strong in 2024
The resurgence of the American dollar exasperates central bankers and governments worldwide, forcing them to act to relieve pressure on their currency. From Tokyo to...
Monetary policy divergences: towards a significant asset allocation shift
The European Central Bank insists that it will independently decide on the course of its monetary policy compared to the Fed. In this case, this...
Probabilities of a rate cut in June drop
Last week, the amount of Fed rate cuts priced into swap contracts for this year fell to less than 65 basis points, below the Fed’s...
FED leaves rates unchanged and remains vague about the future
Interpreting the Fed’s decision is more complicated than what the market wanted to take away. The good news is that Fed officials maintained their forecast...
Unstoppable Dollar
Central banks’ likely readiness to embark on the most synchronized interest rate cuts since 2008 is likely to support the dollar in 2024. Despite early-year...
BOJ opens a new era
The Bank of Japan has ended the most aggressive monetary stimulus program in modern history, removing the last negative interest rate in the world and...