I think there is systemic significance in the relationship, including how it has evolved since early last year. It is, in my view, particularly relevant given where we are right now. More here (subscription required).
My Chart of the Week
By Jeffrey P. Snider|2016-04-08T19:29:40-04:00April 8th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|
About the Author: Jeffrey P. Snider
Give us a call at 1-888-777-0970 or via email at info@alhambrapartners.com to discuss how his unique approach informs our investment decisions. We'd be happy to discuss our investment strategies and provide a complimentary portfolio review. Jeff is the Head of Global Research at Alhambra Investments. He is not an economist, which is probably why he's been able to develop a working model of the global monetary system. His research is unique and informative in ways an economist would never consider.
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