HindeSight Letters | Macro
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Avoiding the Issue. Sean Corrigan

Avoiding the Issue. Sean Corrigan

An excerpt from a bigger Money Macro and Markets supplement written by Sean Corrigan.

 

In the wake of the so-called ‘Panama Papers’ furore, the push-button issue of the One Percent being found able – OH! THE HORROR! – to shield some of its wealth from the taxman, regardless of the jurisdiction in which its members have chosen to set up shop, has predictably called forth bad economics, dubious legal opinion, and strident political point-scoring in almost equal measure.

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The Fed passed again. Sean Corrigan

The Fed passed again. Sean Corrigan

This article is from Sean’s Midweek Macro Musings dated 18th March.

 

Not that anyone really should have been surprised, but the Fed passed again at this week’s FOMC and, indeed, effectively eased by making plain that it now saw only two more hikes this year (each ‘data-dependent’, naturally), rather than the previous four.

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