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Craig Stapleton
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Craig Stapleton
November 24, 2025
The Unwind of the Yen Carry Trade: Understanding the Reverse Carry Trade and Its Global Consequences
Introduction Over a year ago, we explained how the Japanese Yen Carry Trade works, and now […]
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Craig Stapleton
September 3, 2025
Addressing Global Trade Imbalances: Policy Insights and the Triffin Dilemma
Over-Valued Dollar The recent excitement has been about pressure on the Federal Reserve to lower the […]
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Craig Stapleton
August 15, 2025
Equity Valuations: A New Boom or Coming Bust?
Market Euphoria US equity market valuations have experienced remarkable market cap appreciation and resilience to downdrafts. […]
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Craig Stapleton
July 29, 2025
Interest Rates and Tariffs: Putting Numbers into Perspective
Federal Reserve As the Federal Open Market Committee (FOMC) prepares for its July 29-30, 2025 meeting, […]
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Craig Stapleton
May 22, 2025
The Surge in U.S. Treasury and Japanese Bond Yields: Implications and Inflation Concerns
The Surge in U.S. Treasury Yields In recent weeks, the U.S. Treasury market has experienced significant […]
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Craig Stapleton
April 17, 2025
Tariffs and Trade Deficits: Understanding Tariffs, Trade Deficits, and Government Debt
Tariffs are the topic du jour. As I said on April 4th, Trump has put the […]
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Craig Stapleton
March 20, 2025
US Debt Debacle: The Path to Fiscal Stability
In early 2025, the Department of Government Efficiency (DOGE), spearheaded by Elon Musk, has been touted […]
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Craig Stapleton
January 7, 2025
The Great Divide: Understanding the Historic Valuation Gap Between US and Global Markets
US stocks have reached a 75-year high in their relative valuation compared to the rest of […]
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Craig Stapleton
October 31, 2024
Why Inflation is Here to Stay: The Spending Surge Ahead
As we are just 5 days away from the next presidential election, one trend appears certain […]
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Craig Stapleton
September 25, 2024
How Revolutionary is AI? Bridging Expectations and Reality
The advent of Artificial Intelligence (AI) has been heralded as the dawn of a new economic […]
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