Consumer prices fell 0.5% on month, rose 3.9% on year in Dec. Central bank has said inflation ‘clearly’ easing to 3% target Chilean consumer prices unexpectedly posted their biggest monthly drop in more than a decade in December, sending swap rates tumbling and paving...

How can we accurately measure changes in living standards over time in the presence of price inflation? In this post, I discuss a novel and simple methodology that uses the cross-sectional relationship between income and household-level inflation to construct accurate...

The so-called “Magnificent Seven” stocks — Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla — now represent around 30% of the entire market cap of the S&P 500 index. Bank CIO Charles-Henry Monchau said the market will undergo a welcome “broadening of the...

Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an historical turning point of slow demise and increasing de-dollarization....