Monthly Archives: January 2012

Battle of the EUR/USD Bulge

It is fashionable at the moment to believe that Europe, and all financial assets associated with that famous old continent, are “hopelessly buggered” (to borrow a technical English engineering term). Greece is a catastrophe, the other PIGS not far behind, … Continue reading

Posted in Euro, FX, Uncategorized | Tagged , , | Leave a comment

Unemployment – Less Slack in the U.S. Economy than You Think

Gavyn Davies provides a useful summary today of what will become an increasingly critical issue in macroeconomics over the next few years: the decline in the U.S. labor force participation rate.   Cheesehedge is generally unimpressed with much of the analysis of … Continue reading

Posted in Demography, Fed | Tagged , , | Leave a comment