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Larry Kudlow is of course right - the Fed should not base policy on labour

Larry Kudlow is of course right - the Fed should not base policy on labour

Watch this wonderful rant from legendary economist and commentary Larry Kudlow.

Fear strikes policymakers as ‘dollar bloc’ begins to unravel

Fear strikes policymakers as ‘dollar bloc’ begins to unravel

I am happy to announce that I in the future will be contributing to Geopolitical Information Service (GIS).

Inching closer to a US recession, while Yellen is eager to hike

Inching closer to a US recession, while Yellen is eager to hike

Today we got the Minutes from the December 15-16 FOMC meeting where the Fed hiked interest rates.  That in itself is not terribly interesting and there is not much news in the Minutes to shock the markets.

PBoC should stop the silliness and float the RMB

PBoC should stop the silliness and float the RMB

This is morning we got this news (from Bloomberg):

A horrible start to the year

A horrible start to the year

It has been a horrible start to the year - a sharp escalation of geopolitical tensions between Iran and Saudi Arabia have sent shock waves through the global stock markets today. In China trading was suspended as stocks fell 7% and we have also seen sharp sell-offs in the European stock markets today.

A fistful of intellectual power: Goodbye Edward Hugh, R.I.P

A fistful of intellectual power: Goodbye Edward Hugh, R.I.P

Tonight I got the very sad news that British-Catalan economist Edward Hugh has passed away.

Do economists know what will happen in 2016?

Do economists know what will happen in 2016?

For the last couple of months I have been writing a weekly column for the Icelandic newspaper Fréttablaðið. I enjoy it a lot. First of all it keeps me in contact with Iceland - a country that since 2006 has been an important part of my professional and personal life. Second, it is a good alternative to my blog where I mostly focus on monetary policy.

Oil exporters do not devalue to boost exports, but to stabilize public finances

Oil exporters do not devalue to boost exports, but to stabilize public finances

Yesterday Azerbaijan's central bank gave up its pegged exchange rate regime and floated the Manat. The Manat plummeted immediately and was essentially halved in value in yesterday's trading.

The 'Dollar Bloc' continues to fall apart - Azerbaijan floats the Manat

The 'Dollar Bloc' continues to fall apart - Azerbaijan floats the Manat

I have for sometime argued that the quasi-currency union 'Dollar Bloc' is not an Optimal Currency Area and that it therefore is doomed to fall apart.

Talking to Ambrose about the Fed

Talking to Ambrose about the Fed

I have been talking to The Telegraph's  about the Fed's decision to hike interest rates (see here):

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