Randall W. Forsyth

A hundred years ago, a policy move set the stage for sterling's diminished importance. Soaring deficits could have similar implications for the greenback.

You aint seen nothin yet.A double negative grammatically, but mathematically their product is a positive.

It wasnt a lost weekend, after all.Tariff-pocalypse was averted after the U.S. and China stepped back from their threatened triple-digit import fees, sending stocks exuberantly higher early this past week.

Equities reacted jubilantly to Trump's trade agreement with China. They should have paid closer attention to U.S. government yields.

The Big Beautiful Bill makes for ugly deficit math. That's one of many factors pushing up long-term Treasury yields.

The pain trade. Its the one that goes against your brain, and your gut, in no small part because youve been hurt, maybe recently or perhaps way back.

The yield on 30-year Treasury inflation-protected securities is at the highest level since 2010. Why this longtime Treasury bear sees opportunity.

May employment data showed 139,000 jobs added, higher wages, and unemployment at 4.2%. But despite some asterisks to the numbers, there’s no reason for the Fed to cut interest rates soon.

Only a more severe damage to energy infrastructure or disruption of transit through the Strait of Hormuz, a key route for tanker traffic, would produce a lasting rise in energy prices.

Buried in the One Big Beautiful Bill passed by the House of Representatives may be a path to stock market wealth for new babies.