ANDREW B. BUSCH
Global Finance Strategist
BMO Financial Group
Andy is the Global FX Market Strategist for BMO Capital Markets' Investment Banking Division in Chicago. He is a recognized expert on the world financial markets and how these markets are impacted by political events. Andy accurately called the 2006 Democratic takeover of Congress a full year in advance. On a regular basis, Mr. Busch consults with the staffs from the US Treasury, Congress, and the White House on economic and market issues.
Andy has appeared for the last three years on CNBC's The Closing Bell with Maria Bartiromo and is a CNBC contributor. He is regularly quoted in the Wall Street Journal, Reuters News Services, Dow Jones News Services, Associate Press, and the Globe and Mail.
Andy is a prolific author. Daily, his views appear in his newsletter, the Busch Update. Weekly, he writes a Monday column for the Globe and Mail newspaper (Canada's leading business paper). Monthly, he writes a column for SFO (Stock, Futures, and Options) Magazine. Lastly, his book, World Event Trading: How To Analyze and Profit From Today's Headlines, is available on Amazon and will be translated into Mandarin for the summer of 2008.
Andy joined BMO Financial Group in 1990 in the foreign exchange trading room of Harris Trust and Savings Bank, which merged with Bank of Montreal's room in 1995. Prior to joining Harris, he traded foreign exchange at Northern Trust Company. He graduated Phi Beta Kappa with a BA in Economics from Ohio Wesleyan University in 1983, and received his MBA from the University of Chicago in 1988.
LATEST POSTS
- Busch: The Debt-Interest Rate Paradox 3 hrs ago
There appears to be a race to see who can warn and downgrade the most from the ratings agencies.
- Busch: Markets Smell a Country Rat 23 Nov 2009
Before everyone gets their underwear in a bundle, the Senate merely voted to start the debate and amendment process for the Reid Health Care bill.
- Busch: Ron Paul Fed Day 19 Nov 2009
As part of the ongoing reconfiguring and reregulating of the American financial system, the House Financial Services Committee today will take up an amendment that seeks to audit Federal Reserve monetary policy. As so many things are backward in Congress, the vote today is actually a vote on a proposal to retain a ban on audits of Fed interest rate decisions. If it is voted down, then the Ron Paul bill to audit monetary policy could see the light of day.
- Busch: Fed's Disaster Movie 18 Nov 2009
President and CEO of the Federal Reserve Bank of St. Louis James Bullard said that policy makers may not start to raise rates until early 2012 while facing a “too low for two long” argument that may “weigh heavily” on the central bank.
- Busch: US Health Care Bill a Concern for the Chinese 16 Nov 2009
As you may have read, the Chinese grilled OMB director Peter Orzag on the impact that the health care bill would have on the US fiscal position. As I have warned, the passing of the current bill by Congress is a negative for the US dollar and may trigger a re-evaluation of Chinese US Treasury purchases.
- Busch: Pressure Builds and Expands For Chinese Trade War 13 Nov 2009
The US is not going to actively intervene to support the US dollar, but merely try to shape it's domestic policies to ensure a strong dollar. A free floating currency acts as a stabilizer to an economy.
- Busch: The Debt-Interest Rate Paradox 3 hrs ago
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