I am happy with the conclusion from my pre-holiday missive that FX volatility is making a comeback. The decision by the Treasury, i.e., the White House, to label China as a “currency manipulator” finally prompted the PBoC to step back and allow USDCNY to breach 7.0, forcing markets to considerRead More →

Company shareholders are well-positioned to address income inequality by clamping down on sky high corporate pay, but new research says they’ll have to put their mouth where their money is. Shareholders — everyone from a retail investor with a 401(K) to asset management firms with vast pools of money —Read More →

Judging by several key economic indicators, it’s reasonable to assume that inflation will remain steady at a moderate pace. US GDP growth in the first quarter quickened to a solid 3.2% increase and the labor market expanded at a strong pace in April. Later this year, the expansion will becomeRead More →