The US housing boom is – rather clearly – over.   The Federal Reserve is – at least in the eyes of the market – more likely to cut than to raise US policy rates.    The dollar is rather weak, at leas…

They are also getting close to a record low v. the euro. Yet oil is, well, still rather strong.   Against the dollar.  But also against the pound and euro.   The euro and pound have gained significan…

Folks have been worrying about the current account deficit for so long that “Wall Street is downright bored with it.”    Trust me, I know.  But just because the world’s central banks have financed an…

Oil and the dollar have not consistently moved in the same direction over the past ten years.     In 1997/1998, oil tanked and the dollar soared.In 2000, oil and the dollar both rose – in large par…