Marc To Market's blog

There are three dimensions to the broader investment climate:  the trajectory of Fed tapering, the ECB's response to the draining of excess liquidity and threat of deflation, and Chinese reforms to be unveiled at the Third Plenary session of the Central Committee of the Communist Party. 

Just when the dollar's last rites were being considered, it has bounced back and looks poised to move higher in the days ahead.

Dispassionate discussion of some of the vexing issues.  

Overview of the price action in the fx market.

A broad look at the political and economic consequences of the govt shutdown.

Big picture and dispassionate discussion.  

It may seem counter-intuitive but the US dollar appreciated last week, despite the partial closure of the Federal government, the heightened risk of default and the nomination of Yellen.  The dollar can move higher next week too.  

Overview of Abenomics. 

Argues that despite the growth the of the state in response to the crisis, what characterizes the current investment climate is the weakness of the state.  This asssessment is not limited to the US, where the federal government remains partially closed.   

Technically, the dollar is looking a bit better.  Here is our assessment.

Dispassionate overview of the key factors shaping the investment climate in the week ahead.  

Overview of near-term dollar outlook.

Dispassionate macro overview.

Why Treasuries will likely rally and the dollar sell-off in response to the FOMC.  

US Fed's exit plan poses a critical dilemma and underscores important contradictions.  The calendar says Europe should be talking about exits too--as aid packages for Spanish banks, and Ireland and Portugal are to wind down in the coming year--yet more rather than less assistance may be neeed.