One of the big trades of 2015 has been to short the the euro against the dollar as the European Central Bank (ECB) becomes more aggressive with easy monetary policy and the US Federal Reserve begins to tighten policy with interest rate hikes. The US dollar has been on a tear on this trend, and the euro has been tanking. And with the prospect of the ECB buying bonds, bond price have been surging and yields have been tumbling.
NEW YORK – To mark the second anniversary of the Occupy Wall Street movement last month, an assortment of protests, marches and rallies were held, to support or oppose mostly predictable causes.
At the same time, a far more surprising undertaking began with far less fanfare: creating a prepaid Occupy debit card.
It was more sophisticated than we had imagined: new documents show that the violent crackdown on Occupy last fall – so mystifying at the time – was not just coordinated at the level of the FBI, the Department of Homeland Security, and local police.