Andrew B. Busch is a Global Currency and Public Policy Strategist at BMO Financial Group, a recognized expert on the world financial markets and how these markets are impacted by political events, and a frequent CNBC contributor.
In a somewhat stunning turn of events, the House Republican leadership has decided to add $100 billion to the US deficit by passing a 10-month extension of a Social Security payroll tax cut without finding offsets to pay for it. Read More
With the Greece parliament passing the new austerity measures, the foreign exchange markets are buying risk with AUD, NZD and ZAR the top performers. Read More
Today, the Bank of England left rates and quantitative easing on hold as Governor King decides to wait before more additional easing measures are taken and says that the events in Europe are beyond his control. Read More
Today, six central banks acted to reduce funding tensions in the global financial markets. The EUR rallied 200 points, S&P is up 35 and US 10yr yields are up 10bps at 2.07% Read More