The BoE convened yesterday and kept their monetary policy unchanged. However, the way the voting went was different with Ian McCafferty changing his stance and joining the rest of the MPC in voting fo...
Greetings, Let’s begin with the UK where the Bank of England once again shifted the inflation forecast lower. The expected time of the BoE’s rate hike has been extended sharply as a resul...
There’s an old saying that if you owe the bank $1 million, you have a problem. But if you owe the bank $100 million, then the bank has a problem. That’s the situation we’re in today. States arou...
A considerable amount of time has passed since the financial crisis of 2008 and the “great recession” that followed. March 2016 marks the seventh year since the economy began its long, slow recove...
Written by Tingbin Zhang, Zhonghua Yuan Institute China’s island building on the four-mile-long and two-mile-wide Subi Reef in the South China Sea has put The U.S. in a tight spot. The reef li...
The most obvious reaction to the “great” drop in the unemployment rate and “huge miss” in payrolls is a rise (yes rise) in rate-hike odds for 2016. This appears to be why the ...
The U.S. created fewer jobs than anticipated and the December gain was revised lower. However, the other details were favorable–better than expected. The unemployment rate ticked down to 4.9%, a...
In some ways, this is a boring time in insurance investing. A lot of companies seem cheap on a book and/or earnings basis, but they have a lot of capital to deploy as a group, so there aren’t a lo...