The bear market in crude

Really quickly here: WTI has traded down into bear market territory today. I see it quoted at $61.38. The high was $76.90. Brent is also down to $71.81 from a high of $86.74. That's not official bear market territory yet. But it's coming…

Back to the Fed

The midterm election is over. So we can go back to worrying about the Fed! I ended yesterday's political economy piece saying: My sense, here, is that a divided Congress means we are in a ride it out period economically. There are no more…

How far is Trump willing to go?

Let me run something by you. I was thinking about the economic implications of the US midterm election this morning when I happened across various accounts about Donald Trump's press conference yesterday. A lot of the focus was on his…

A quick note about the bond market

I don't have a daily post for you today. So, in lieu of a daily, I wanted to make some more general comments about interest rates that I have been making in my market commentary pieces. The accelerated hike timetable In February, I wrote a…

More on domestic ‘unilateralism’

Birthright citizenship Yesterday, I wrote about what unilateralism looks like on the domestic front. And in many ways, it's similar to international unilateralism. The guiding principle is to prematurely forgo compromise and take a stance,…

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