Alexandru Stefan Goghie

Macro, Money & Markets - A Weekly Breakdown. Your go-to source for in-depth analysis of global macro trends, monetary policy shifts, and market dynamics. Frequent insights decoding key developments shaping the economy and financial system.

By Alexandru-Stefan Goghie

· Launched a year ago

“This is a very succinct and useful discussion focused on Europe and its economic and financial situation and foibles. a good read”...”

“This is a very succinct and useful discussion focused on Europe and its economic and financial situation and foibles. a good read”

Andy Fately, FX Poetry

Japan, 161.5 and the Eurodollar explanation

The recent depreciation of the Japanese yen to around 161.5 per US dollar (near its lowest level since 1986), despite the Bank of Japan’s continued…

Jun 22•Alexandru-Stefan Goghie

Kevin Warsh and the "new" monetary policy

Let me start with the conclusion (or the way I see it): Kevin Warsh’s first FOMC meeting was less hawkish than markets think.

Jun 18•Alexandru-Stefan Goghie

What Treasury Yields, SOFR, and TIPS are telling us

Recent moves higher in US Treasury (UST) yields have once again revived (familiar) narratives about “bond vigilantes” fiscal panic or, worse, an…

May 21•Alexandru-Stefan Goghie

I need a dollar (through your swap line)

The renewed discussion around USD liquidity swap lines is once again cast in political and geopolitical terms, either as an instrument of coercion or as…

Apr 27•Alexandru-Stefan Goghie

Hormuz and Petrodollar: Is there any link?

The closure of the Strait of Hormuz has reignited a familiar narrative, that disruptions in global oil markets could accelerate the erosion of the…

Apr 22•Alexandru-Stefan Goghie

From Oil to Growth Shock

So, we have another oil market headline.

Apr 9•Alexandru-Stefan Goghie

Alexandru Stefan Goghie