Markets are turning less friendly towards carry trades, which is weighing on EMs with large external funding needs. Earlier this year we scanned EM

Despite U.S. fiscal expansion, the global supply of safe assets may be nearing a cyclical peak' Large U.S. banks report record net income in Q1, helpe

We recently introduced a new activity tracker for China. That tracker displays far more swings than the official GDP data. We explore if swings in cre

We discuss why global growth was so synchronized last year, which we trace back to the Shanghai G20 meeting in February 2016. That meeting followed

Geopolitics boosting oil prices, but this s

Our latest US Financial Regulatory Update, covering an update on the OLA and Bankruptcy Reform Letter from Treasury, statements from Vice Chairman for

Market pricing remains far below the "dots" in 2019 and 2020, reflecting in part a perception that the Fed is a dovish institution. We examine past