08 26 2019 | by Victor Xing | Economics
All articles 199
07 12 2019 | by Victor Xing | Capital Markets
Kekselias portfolio one-year return: 51.5%
02 27 2019 | by Victor Xing | Economics
Common catalyst for progressive and conservative populism
12 09 2018 | by Victor Xing | Capital Markets
Kekselias performance review: 1.31% YTD total return
10 14 2018 | by Victor Xing | Capital Markets
Roundabout path in the snap-back of long-term bond yields
09 23 2018 | by Victor Xing | Central Banks
Calm before the storm as quantitative tightening looms
05 20 2018 | by Victor Xing | Central Banks
Alternative narrative on the natural rate of interest
01 07 2018 | by Victor Xing | Capital Markets
Flatter yield curve a symptom of ineffective tightening
12 04 2017 | by Victor Xing | Central Banks
Bond market term premium and wolves of Yellowstone
10 17 2017 | by Victor Xing | Capital Markets
How we learned to stop worrying and love the “fake markets”
10 20 2015 | by Victor Xing | Economics
What are some helpful economic indicators?
Goldman Sachs Financial Conditions Index (GS FCI) is an aggregated measure of borrowing cost, equity wealth effect, dollar valuation, etc. Tighter financial conditions today constraint future economic growth, and easier financial conditions fuel future borrowing (consumption and investment) and boosts exports.
FCI has many useful applications
Inflation – the core central bank policy objective shared by many global central banks
PCE and Core PCE vs. Core CPI and OER
Federal Reserve balance sheet, Bank excess reserves, and monetary base are useful gauges in effects of central bank policies
U.S. wage growth (or as the FED would put it, labor compensation):
There are many more, but they are usually better covered by financial reporters (for example, the Payrolls data, ISM Manufacturing and Non-manufacturing indices, Industrial Production, Housing Starts…)
Next article10 19 2015 | by Victor Xing | Capital Markets