Alfonso Peccatiello's Comment & Analysis
A complete archive of Alfonso Peccatiello's articles, including current analysis & comment - Page 9
Assuming no last-minute surprises, it seems like we might be getting a debt ceiling deal in the US, which means you should be prepared to get overwhelmed by financial commentators' takes about...
The FX market is one of the biggest and most liquid in the world.Fluctuations in currency valuations also greatly affect investors’ portfolios: for instance, a US investor buying Japanese...
The US is dangerously close to triggering its debt ceiling limit, yet markets seem very relaxed.The 2011 episode shows us how political incentive schemes can instead drag negotiations until the very...
Our economic system is ultra-financialized and dependent on leverage.That’s why understanding the incentive scheme for investors and borrowers is an important step to piecing together the global...
Investors have been asking themselves when and if we will see a real credit crunch. I think that’s the wrong way to phrase the question. Data shows we are already in a credit crunch.The real...
Most likely, this was the last Fed hike of this tightening cycle.Even before the press conference, the omission of the key sentence ‘’some additional policy firming may be...
Recently, US House Speaker McCarthy tweeted this:
And although it sounds like common sense, it’s dead wrong. The government doesn’t need money to spend money.
The government creates money...
The S&P 500 has recently tested the 4,200 area after rallying all the way from the lows seen in late 2022.With the Fed probably delivering its last rate hike in May and the US economy staying...
Brazilian President Lula recently asked the following questions:‘’Every night I ask myself why should every country have to be tied to the US Dollar for...
Hedge funds are often called fast or smart money because they are one step ahead of herd market thinking.I am blessed with the opportunity to have several of them as clients, and pick up their brains...