currency

Financial Markets Pulled in a Tug of War

February 4th, 2016|by Michael Ashley Schulman, Perspectives, The Big Picture|

Tug of war rectangle

Financial markets in 2015 were pulled between the Fed’s determination to raise rates as the U.S. job market strengthened and pressure for lower rates in the rest of the world as China’s economic growth slowed and commodity […]

DOLLAR PEGS AND CRYING UNCLE

January 11th, 2016|by Michael Ashley Schulman, Perspectives, The Here and Now|

Violin pegs

DOLLAR PEGS AND CRYING UNCLE

  • Dollar pegged currencies, especially those of oil producers, will cry uncle and de-peg from the Greenback; Saudi and even Hong Kong pegs are at risk
  • Saudi Arabia has picked a seemingly horrible moment to float Aramco – sign […]