Edgy Markets (Over) react to Trade and China Risks?

Global markets (especially) US bond markets, gyrated today following reports on two policy areas (Chinese capital and NAFTA/trade policy) that are set to be sources of volatility in 2018. In both cases, the storms in a teacup seemed disproportionate with (the lack of) new information. Press reports reminded investors about risks that may have been… Continue reading Edgy Markets (Over) react to Trade and China Risks?

Vienna Agreement: Buying Time, Persistent Macro Divergence

With OPEC members and friends (and the ever growing energy journalist cohort) meeting in Vienna, it seems apt to look at the economic adjustment of some of the participating oil producers. While most would gain from rising prices. Russia, and Iran, smaller GCC countries (Kuwait, UAE and even Qatar) as well as some U.S. producers… Continue reading Vienna Agreement: Buying Time, Persistent Macro Divergence