dollar

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 […]

Brother can you spare a dime? I need something to turn on

March 31st, 2010|by Michael Ashley Schulman, Perspectives, The Big Picture|

Brother can you spare a dime? I need something to turn on. Although markets seemed to have bottomed about a year ago and the economy has quickly been rebounding in various (but not all) corners, many seem to be caught surprised by the unrelenting about-face of security prices and economic indicators, especially since many sectors […]

With share prices having recovered from the subprime-related slump

October 31st, 2007|by Michael Ashley Schulman, Perspectives, The Big Picture, Writers|

With share prices having recovered from the subprime-related slump and in many cases making new highs, there are doubts as to whether the major central banks still have an incentive to drop rates. However, valid reasons remain for the G7 central banks in general and the Fed in particular to deliver more rate cuts:

  • Inflation is […]

Several conditions have emerged from the market turmoil

September 30th, 2007|by Michael Ashley Schulman, Perspectives, The Big Picture, Writers|

Several conditions have emerged from the recent market turmoil: tighter credit, deflating real estate, monetary reflation, and a weak dollar. The strong themes emerging from these circumstances are: A) We are probably past the worst and won’t face recession; and B) We will see higher equity markets, stronger export growth and increased commodity prices.

Financial companies […]

Upon the heels of this year’s hurricanes and international upheavals

November 30th, 2005|by Michael Ashley Schulman, Greg Pellizzon, Perspectives, The Big Picture, Writers|

Upon the heels of this year’s hurricanes and international upheavals, November may have seemed almost tepid. However, in the ramp-up to the holidays, the markets were anything but lackadaisical. In fact, November seemed to mark a turning point.

Table 1. Action/Reaction [click on table to enlarge]

Action Reaction table 2a