On Oil and Energy into 2023
The great energy recovery of 2022
ECB: Still behind the inflation curve
United States: Is disinflation real?
New Keynesian macro and inflation forecasting
Who knew about the skew?
Can the ECB pivot?
Global imbalances are widening (still), composition shifting
Asset Ownership vs Asset Management
BOE balance sheet shrinkage (Part 2)
How does QT work?
Lessons from the Bundesbank
Lessons from the Volcker disinflation
How large is Europe's energy shock?
How will the ECB react to a further energy shock?
August Market Review: Bring the Pain
Petrodollars: Where are the surpluses? Part 1
The ECB's inflation problem
Three Proximate Macro Factors
July Market Review: Dual Rally - Stocks and Bonds
QT plans (briefly) compared
Whatever it takes… ten years on
The Three Pillars of Long-Term Macro Equity Investing
Lessons from Super Core inflation
Macro is Back, With a Vengeance
US Bank Credit is Accelerating
The Switch: From Inflation Concerns to Growth Concerns
The terminal rate (and the peak)
Why don't Eurozone banks repay TLTRO3s early?
The Return of Service Inflation
US commercial bank deposits are contracting: What does it mean?
Fiscal sustainability under higher rates
Will the Bank of England blink?
April Market Review: Unprecedented Moves
The New Era of Quantitative Tightening Has Begun
What happened to the Taylor Rule?
China's BIG stocks stumble
Monetary policy update—March
Inflation in the US
Historical Freeze of Russia's Central Bank Reserves
Monetary policy update—Feb
US 'exceptionalism' and Chinese 'stability' have squeezed out EM flows
ECI used to be an obscure indicator, but now it is the key to Fed policy
Inflation in Japan
The year ahead in 2022