Financial Conditions Index

A Big Tail Risk In Strong Dollar Environment

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The media has been focused on the Turkish economy which has been sputtering lately, leading to a currency crisis. The word ‘contagion’ has become overused by the media since Turkey is such a small part of the economy. Turkish stocks are only 0.05% of the MSCI all world index. The…CONTINUE READING

What Sowed The Seeds Of The Bitcoin Mania?

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Financial Conditions Ripe For Speculation 2017 was an unusual year where financial conditions actually eased despite the Federal Reserve raising rates. The financial tightness in 2015 and 2016 was catalyzed by weakness in the energy market. With the help of central banks, as we have previously stated, the economy narrowly…CONTINUE READING