Podcast: Pozsar urges the Powell Fed to create a "Volcker moment"
Saxo Market Call
Summary: Today features Saxo CIO Steen Jakobsen as we look at the latest Russia-Ukraine headlines shaking up markets and whether there is much signal in the overall noise. More importantly, we discuss the "talk of the town" yesterday after the very influential Zoltan Pozsar (currently of Credit Suisse, but a towering figure in global finance after he helped coach the Fed and the US treasury through its response to the global financial crisis) wrote a short piece exhorting the Fed to get creative and craft a "Volcker moment". Such a moment would be an effort at tightening financial conditions by rattling global asset markets rather than merely signaling a brutal series of rate hikes, which so far have tightened conditions very little and risk merely bringing forward a recession. John J. Hardy hosts.
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Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.