How bad is the CnV19 recession going to be? March NFP was -0.5% (37th worst since 1940), and April is likely to be the worst ever (-10%). Real time measures suggest this is 5x worse than the GFC.
The Fed spiked the market with dovishness this morning. Taking the market implied rate for the end-19 fed funds rate
Terry McCrann (again) spiked the markets on Wednesday with an explosive article that warned that the RBA could cut 50bps
Vice Fed Chair Clarida gave a very interesting speech entitled Sustaining Maximum Employment and Price Stability on 30 May. It
My argument for a May rate cut by the RBA basically boils down to the observation that inflation is very
The slow pace of inflation in Q1 makes a very strong case for a 25 bps reduction of the RBA’s
The decline of the unemployment rate to 4.9% in February caused the market to substantially reduce the implied probability of