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Longevity and Income

April 25, 2017
Americans do not like to talk about class.  Many like to think that there are no classes in the US and that sufficient hard work and one's socio-economic status can be raised.   These days, discussions of the disparity of wealth and income are acceptable ways to talk about class. 
There are various studies that suggest such mobility is becoming…
Longevity and Income Longevity and Income Reviewed by Marc Chandler on April 25, 2017 Rating: 5
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Euro Consolidates Gains, Bond Market Sell-Off Continues

April 25, 2017
The US dollar is again at the fulcrum of the foreign exchange market.  The dollar-bloc currencies are under pressure, along with the Japanese yen, while the European complex is posting modest gains.  
The euro is consolidating in the half cent below $1.09.  Yesterday's marked up in early Asia saw the euro complete the 61.8% retracement of the l…
Euro Consolidates Gains, Bond Market Sell-Off Continues Euro Consolidates Gains, Bond Market Sell-Off Continues Reviewed by Marc Chandler on April 25, 2017 Rating: 5
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Steel and the Trump Twist

April 24, 2017
The US investigation into steel imports is not particularly novel.The US steel industry is highly organized for such purposes.  The steel sector has the significant global excess capacity, which makes for intense competition.
What is relatively new about the investigation is that it is being conducted under Section 232 of the  1962 Trade Expansion …
Steel and the Trump Twist Steel and the Trump Twist Reviewed by Marc Chandler on April 24, 2017 Rating: 5
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Dramatic Response to French Election

April 24, 2017
The results of the first round of the French election spurred a dramatic response in the capital markets.  Our thesis that there is no populist-nationalist wave sweeping the worldis supported by the previous results in Austria, the Netherlands, and now France. The AfD in Germany is wilting in the polls, and there too the center will hold.  The pop…
Dramatic Response to French Election Dramatic Response to French Election Reviewed by Marc Chandler on April 24, 2017 Rating: 5
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