
Strong Dollar?
Treasury Secretary Bessent favors a “strong dollar.” He works for a president who has said he wants a weaker dollar. With a single chart, we examine what markets are saying.
David Kotok offers insights and analysis on current economic and political issues and their potential impact on global financial markets. David’s articles and financial market commentaries have appeared in The New York Times, The Wall Street Journal, Barron’s, and other publications. He is a frequent contributor to Bloomberg TV, and Bloomberg Radio, Fox Business, and other media.

Treasury Secretary Bessent favors a “strong dollar.” He works for a president who has said he wants a weaker dollar. With a single chart, we examine what markets are saying.

We examine some statistical evidence that may be helpful in estimating the future price of gold using a present set of variables.

These are the moves: More short-term T-bills. Shorten US Treasury debt maturity. Try to force interest rates lower.

Trump has nominated Kevin Warsh for Federal Reserve chair — fine, but the administration’s attacks on the Fed need to stop. Here’s my quick take.

We thank Michael Drury, Chief Economist at McVean Trading, for permission to share some of his views on the K-shaped economy and the outlook. Discussion follows.

To understand some of the US-Venezuela policy, we must follow the money. Here’s the story as we see it today.

Jeanine Pirro’s criminal investigation of Fed Chair Jerome Powell over a long-term, publicly reviewed Fed building project and over Powell’s related testimony is dominating the headlines. We assess market reactions and implications.

For me, 2025 was a year of accomplishments and change. Here’s to a year of navigating an eventful 2026 together!

We estimate the market-based pricing of outcomes of the forthcoming SCOTUS decision and its impact on interest rates and the term structure slope.

The Donroe Doctrine is not only about oil. For the US, it is also about national security.

The Trump Corollary, now the Donroe Doctrine, is shaping US policy toward the Americas. What is unfolding in Venezuela reveals its substance.

Given the news about Venezuela, we ask if Cuba is the next target of US policy under the Trump Corollary.