Library

Markets & Economy » Japan: New News, or More of the Same?

December 19, 2014 | International Markets

The last few months have marked a period of surprise headlines and rapid news flow out of Japan. On October 31, the Bank of Japan (BOJ) unexpectedly expanded its quantitative easing (QE) program, raising the ceiling of its annual asset purchases to ¥80 trillion ($730 billion) from the previous …

Vantage » Revisiting the Case for Slow Growth in the United States

November 18, 2014 | Domestic Markets

The U.S. Dollar has rallied sharply since July, particularly relative to the Euro and Yen, igniting a debate as to whether the pace of U.S. economic growth will slow from here. Today, uncertainty seems to be returning, both in the U.S. and globally, with headlines focusing on geopolitical threats, …

Markets & Economy » The Ascent of the U.S. Dollar

November 17, 2014 | Domestic Markets

During recent months, the value of the U.S. dollar experienced a fairly swift and significant ascent relative to many other major global currencies. We attribute the bulk of the move to shifting expectations regarding the timing of an eventual divergence in U.S. monetary policy from the rest of …

Markets & Economy » The Bank of England’s Balancing Act

July 21, 2014 | International Markets

The United Kingdom (U.K.) has recently been a subject of increased attention in the media and investment circles. An improving economy—particularly relative to its Eurozone neighbors—has provided a reason for optimism among economists and investors alike. However, rapidly rising home prices and …

Markets & Economy » What Could Unorthodox Monetary Policy Signal for the Eurozone?

June 30, 2014 | International Markets

While financial conditions in the Eurozone have been broadly improving as sovereign and bank funding channels have opened up over the last two years, consumer and producer prices in the economy have continued to be weak. Recent months in particular have seen inflation data come in well below …

Library » Emerging Markets: Where Are They Now?

March 25, 2014 | Emerging Markets

Investor nerves were on display early in 2014 as incoming macroeconomic data showed signs of softening and other notable developments led to worsening capital outflows from emerging markets, more currency weakness, and in some cases, decisive policy action. The pickup in volatility impacted a …

Markets & Economy » A Closer Look at Japanese Yen Depreciation and its Impact on Growth and Equities

March 11, 2014 | International Markets

Weakness in the Japanese economy has given investors reason for concern. Recently released data showed that GDP grew just 0.2% quarter-over-quarter (qoq) during the last three months of 2013. This worked out to be a qoq annualized rate of merely 0.7%, and marked the second consecutive quarter of …

Markets & Economy » At Present: Neutral Outlook on the Swiss Franc (No pun intended)

September 06, 2013 | International Markets

The Swiss Franc has traditionally been considered a safe-haven currency, and demand is usually high in times of global economic duress. Given its proximity to the Eurozone, since 2010 Switzerland has seen tremendous inflows as the Sovereign Debt Crisis in Europe caused many to hedge their Euro …


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