Author: David Schawel, CFA, FSA

After 9 years the Fed finally raised interest rates. Fed Chair Yellen took the historic step after her predecessor, Ben Bernanke, lowered rates to 0% during the depths of the 2008 global financial crisis.

The Biggest Carry Trade In The World

The Biggest Carry Trade In The World by David Schawel, Economic Musings By now, everyone knows that the Fed hiked rates yesterday. What most people don’t realize though is that the economics of the “biggest carry trade in the world” has […]