Archive - ExorbitantPrivilege

Red Duck's Not in a Row

Contradictions in copper and CNH

24 hrs ago •

Meyrick Chapman

'Dr Copper' and Mr Inflation don't agree

An unusual difference of opinion

Jul 21 •

Meyrick Chapman

June 2024

No major spillage

Jun 11 •

Meyrick Chapman

April 2024

Success is Vulnerability

Thwarted globalisation undermines good policy

Apr 25 •

Meyrick Chapman

Nothing To See Here

A peek at macro-economic ignorance gets shut down

Apr 23 •

Meyrick Chapman

Not Beige: the latest Beige Book is anything but boring

Apr 21 •

Meyrick Chapman

A Quantity Theory of Reserves

Towards a new monetary framework

Apr 14 •

Meyrick Chapman

March 2024

The public fear of fiat debasement

Mar 31 •

Meyrick Chapman

Steady policy for now

Beige Book suggests modest growth outlook, reduced inflation concern, but little suggestion of rate cuts from FOMC.

Mar 12 •

Meyrick Chapman

February 2024

Wilful Confusion

BoE ties itself in knots on its fiscal impact

Feb 12 •

Meyrick Chapman

Room for Disappointment

S&P500 and OIS curve both reflect big bet on rate cuts

Feb 7 •

Meyrick Chapman

January 2024

Have Cake & Eat It Too

Reserves: bank insurance that pays, a lot.

Jan 31 •

Meyrick Chapman

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