trade war

Why is the UK doing so much better?

In absolute terms, the US has vaccinated more people for Covid-19 than any other country. But in relative terms, the UK is doing far better. I see three reasons for the success of the UK: 1. The UK has provided about 34 total doses per […]

An Unnecessary “Stimulus”

In two Defining Ideas articles in 2009, “Who’s Afraid of Budget Deficits? I Am” and “Furman, Summers, and Taxes,” I criticized Lawrence Summers and Jason Furman, two prominent economists who worked in the Obama administration, for their dovish views on federal debt and deficits. They […]

Information, behavior, and frictions (short course on economics)

“Economics is really about two stories. One is the story of the old economist and younger economist walking down the street, and the younger economist says, ‘Look, there’s a hundred-dollar bill,’ and the older one says, ‘Nonsense, if it was there somebody would have picked […]

The President and the Good King Dagobert

It is suggested that the good President Biden called off one air strike in Syria after being told in extremis that a woman and a couple of children were near the planned impact (Gordon Lubold et al., “Biden Called Off Strike on a Second Military […]

Tesla Sell-Off Deepens

Shares in US alternative energy and technology firm Tesla have seen wild price action with shares selling off sharply. The broader backdrop of weakening risk appetite, rising US inflation expectations, and reduced Fed easing expectations have hit asset prices over recent weeks. With US yields […]

Is It Worth Starting Small When Investing?

There seems to be a fairly common misconception that you need “a lot” of money to start investing in financial markets. Perhaps it’s from people who have watched too many movies, and think that trading is either for really rich people or really shady people. […]

DXY Correction IV a Double Zigzag Or a Flat?

The DXY index is currently building a cycle trend in the form of a bearish 5-wave impulse. The first three parts of this impulse have ended, whereas the corrective leg IV is still under construction. Judging by the structure, it is a bullish double zigzag, […]

The Market in Waves: Where Does the Oil Rally Stop?

Welcome to the Orbex daily Elliott Wave update! In today’s video, our Head of Investment Research Stavros Tousios dives into the top opportunities the markets have in store for us. Asset TimeStamps: GBPUSD​​​ 00:55​ USDCHF​​​ 03:00​ DOW JONES​ 05:00​ USOIL​​ 06:30 Join our responsible trading […]

Intraday Market Analysis – Look for pullback

USDJPY surges to 8-month high The buoyant US dollar is in sharp contrast to the safe-haven Japanese yen as markets expect 182k new jobs added in the US in February, a prelude to a steady recovery. After breaking above the bearish trendline on the daily […]

Can economists be trusted?

For the most part, economists don’t give people advice on how to run their lives. Rather we tend to focus on explaining the behavior of consumers and businesses, usually assuming they are at least somewhat rational. One exception is when there is a “principal-agent problem”, […]