Tracy Alloway

09/26/2023

Long-term bond yields are higher than at any point over the past 12 years - a big change from past decades, when yields tended to grind steadily lower

Until recently "no period since that point had seen rates higher than at any point over the past 5 years

09/26/2023

It's a growth story, baby just say yes.

You could say that Kelce is living in a 'Wonderland'

07/28/2023

Politicians "inconvenienced" by PEP anti-money laundering rules and denied fancy bank accounts at Coutts being transformed into a populist issue has to be one of the crazier things to happen this year.

hansard.parliament.uk/Lords/2022-07-…

07/27/2023

It's gonna be wild if Nigel Farage losing a Coutts account leads to more UK bank CEO oustings than, say, the 2008 crisis.

07/27/2023

Instead of switching avocado suppliers, Chipotle should simply buy Bitcoin to offset volatile Hass prices.

07/24/2023

Remember when we were all going to nudge people into making better decisions about *everything*?

What a wild time that was.

While behavioral non-price interventions (“nudges”) have grown from academic curiosity to a bona fide policy tool, their relative economic efficiency remains under-researched. We develop a unified framework to...

07/03/2023

China has imposed restrictions on exporting two metals used to make semiconductors and other electronics:

China imposed restrictions on exporting two metals used to make semiconductors and other electronics, a move that’s likely to raise costs for hardware manufacturers and worsen geopolitical tensions over the race to develop advanced computing technology.

07/03/2023

"Where is the consumption boom? Where is the over-heated economy?" asks Deutsche Bank's George Saravelos, noting that the US consumer has reverted to doing pretty much what they were doing before the pandemic:

06/30/2023

You literally predicted the US would be in recession by yesterday.

I wrote an article two years ago pointing out there may be more reasons for large investors to buy longer-dated US Treasuries other than ‘because they expect recession.’

We are not the same.

06/30/2023

Brad Setser arguing that China may have roughly TWICE the FX reserves it's been officially reporting.

thechinaproject.com/2023/06/29/sha…