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John Authers & Michael Gayed: Unraveling the Peak Passive Debate

Lead-Lag Live

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The Effect of the Fed's Tightening Phase on the Dollar

The dollar bulged last year, thanks in large parts to the Fed, getting as aggressive as it is before other developed market central banks. Europe started somewhat behind because that gave such a big one-off hit to inflation. The European banks having already consolidated and got all this toxic waste on their balance sheets actually took far longer to recover from the GFC than the US banks did.

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