Heightened International Tension Strengthens Dollar The conflict between North and South Korea is having a predictable effect on credit markets this morning. Specifically, whenever international tensions kick up, there is a flight to safety, which — at least until now — translates into demand for U.S. dollars and U.S. debt. That strengthens the dollar, and...Read More
U.S. Dollar Down, Everything Else . . Up! Perplexed by the action in stocks and commodities since last Spring? (I’ve addressed housing in many, many other posts.) See the explanation (below), courtesy of David Rosenberg, chief economist and strategist at Toronto-based investment manager Gluskin Sheff. It’s a bit wonky — note the references to the...Read More
A *Macroeconomic Overview Back in April, I ran a post called “Real Estate & Inflation” that isolated wage growth as the key to whether any inflationary outbreak would help or hurt real estate (incidentally, that post is now ranked 18th in the world, according to Google). Specifically, if inflation spilled over into workers’ wages, it...Read More
