Macroeconomics

Winter is Coming Before Brexit

Does reading about Brexit make you feel like a guest of Ramsay Bolton? This week we try to give you a clear account of what is going on and what to look for in markets. It won’t bring peace to the Seven Kingdoms, but it may answer some of your questions about Brexit

Macroeconomics

Return of the Mammoths

Several reports in the past month indicate that mortgage convexity hedgers are back. These reports bring up three important questions. First: what are mortgage convexity hedgers? Second: where did they go? Third: why do I care? At least two of these questions will be answered this week.

Macroeconomics

Graaaaaains

For much of the past few years grain markets have been like zombies wandering aimlessly. Some recent developments such as trade talks with China and floods in the Midwest may change that. It will be a nice break from Brexit.

Macroeconomics

Three Countries Which Have Never Been in My Kitchen

Australia, Canada and Sweden don't have much in common. If those three countries came up as the Final Jeopardy answer it would be tough to come up with the right question. Perhaps, "what are three economies which have seen their once hot housing markets slow in the past two years?" would be acceptable.