Recent Commentaries
The Treasury Twist
There have been a few days of calm since the largest weekly rise for US long-term interest rates in over 40 years. To see such a move, along with a sharp weakening in the dollar, during a period of equity and credit market stress, is extraordinarily unusual. For...
What happens when the US rebalances the global trade landscape?
On September 22,1985 the Plaza Accord went into effect to stem the deep trade imbalances existing between the US, Japan, and Western Europe. Once again, beginning a week ago Thursday, the US made initial moves to rebalance an unlevel global trade playing field. This...
The end of mercantilism, not exceptionalism
Please join Jefferies Chief Market Strategist, David Zervos, for a discussion on how Trump’s attack on mercantilist trade policies will likely impact global financial markets and geopolitics. By bringing over 70 countries to the table to rebalance a broken global...