Equity-market smiles don’t have to become frowns

Equity-market smiles don’t have to become frowns

Originally published at Bloomberg.com | February 27, 2018 As 10-year Treasury yields climb, investors are fixated on 3 percent, a level where many fear an equity market meltdown. Yet that threshold has no fundamental relevance. Instead, investors should try to understand why yields are rising, and draw the right investment conclusions. A common misconception is… Continue Reading

Is It Time for Global Money?

Is It Time for Global Money?

Originally posted on Project-Syndicate.org | November 11, 2015 With the world more economically and financially integrated than at any time since the late nineteenth century, a global central bank and a world currency would make more sense than our confusing, inefficient, and outdated assemblage of national monetary policies and currencies. But it couldn’t work –… Continue Reading

About Jackson Hole Economics

About Jackson Hole Economics

Jackson Hole Economics is a private research organization which provides commentary and analysis on economics, politics, the environment and finance, and develops actionable ideas for how sustainable growth can be achieved.

Theme of the Week

Forget Impeachment, Focus on the Virus

Forget Impeachment, Focus on the Virus

In climbing, risk management is everything. Ask any mountaineer who has made it into his or her forties how they did it, and they will invariably say it was a mix of luck and knowing which dangers were the ones to heed. Good judgement in being able to properly assess weather patterns, snowpack, rock quality,… Continue Reading

Weekly Market Compass

What The Coronavirus Tells Us About Stocks and Bonds

What The Coronavirus Tells Us About Stocks and Bonds

Occasionally, the arrival of something unusual provides an opportunity to dispel lazy thinking about how things really work. The unusual is the coronavirus. The lazy thinking has to do with how stocks and bonds interact. This undoubtedly seems like an odd connection, but it can help clarify some important points about markets that, pardon the… Continue Reading