Political Economist

Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks.

Chandler attended North Central College for undergraduate work, where he majored in political science and the ... more

ALL CONTRIBUTIONS

FOMC Sticks To Script: Balance Sheet Unwind To Begin "Relatively Soon" And USD Retreats
The FOMC statement reads very much like the June statement.
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EC Dollar View: Discipline Or Stubbornness?
The US dollar is sitting near multi-month lows against the major European currencies and the dollar bloc.
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Quiet Fed Day Without Yellen
The US dollar is sporting a slightly firmer bias. The biggest loser today is the Australian dollar, which is off nearly 0.5% following a soft headline inflation figure and comments from the central bank governor.
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Summer Markets Ahead Of FOMC
The global capital markets are subdued today; a dearth of fresh news and tomorrow's FOMC meeting are making for light activity and limited price movement.
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Great Graphic: Surprise - S&P 500 Outperforming The Dow Jones Stoxx 600
For the year-to-date, the S&P 500 is up about 10.3% while the Dow Jones Stoxx 600 is up almost 5%. We suspect many will be surprised first by the outperformance and then by the magnitude.
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Progress In St. Petersburg
Expectations going into the OPEC monitoring meeting in St. Petersburg were low. June output appeared to have increased in several countries, and private sector estimates suggest output rose further in July.
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Comments

Latest Comments
If There Is One Thing Investors And Foreign Officials Should Know About The US...
4 months ago

Thanks Gary. Yes, you might be right. I tend to think of foreign economic policy as a subset of foreign policy. And one of my points is that Trump Admin has both free-traders and protectionists. I don't think the message is autarky. I think that what is emerging is lobbying the multilateral institutions to better enforce current rules. The president and the executive branch has limited ability to raise tariffs without Congress. There are some thing Trump can do if he says there is a balance of payments crisis, which would be hard to substantiate. Time will tell which wing of the administration carries the day. I think Mnuchin's comments today give sign that the internationalist wing may come out on top, while the other wing gets to pursue the domestic agenda.

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BA The Boeing Company
BZF WisdomTree Dreyfus Brazilian Real Fund
CAF Morgan Stanley China A Share Fund Inc.
CEW WISDOMTREE TR DRYFS EMRG
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EIDO iShares MSCI Indonesia
EWC iShares MSCI Canada Index Fund
EWN iShares MSCI Netherlands Investable Market Index Fund
EWU iShares MSCI United Kingdom Index Fund
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FXE Euro Currency Trust
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GXG Global X/InterBolsa FTSE Colombia 20 ETF
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PBR Petrobras - Petroleo Brasileiro S.A.
SPY SPDR S&P 500
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Marc Chandler Commented on If there is One Thing Investors and Foreign Officials Should Know About the US...:

Thanks Gary. Yes, you might be right. I tend to think of foreign economic policy as a subset of foreign policy. And one of my points is that Trump Admin has both free-traders and protectionists. I don...

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PERSONAL BLOG

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Work Experience

Global Head of Currency Strategy
Brown Brothers Harriman
October 2005 - Present (12 years)
Extensive and regular public speaking and media exposure including FT, CNBC, Global Finance, Bloomberg Radio and TV, New York Times, Wall Street Journal, Euromoney, FX Week, The Street, Market Watch, Barrons, Businessweek, NPR, Forbes, CNN, and International Treasurer.
Chief Currency Strategist
HSBC
May 2001 - October 2004 (3 years 6 months)
Developed a team of New York based analysts to provide commentary and trading strategists for OECD and emerging market currencies. Facilitated internal risk-taking and supported sales efforts. Broadened and deepened client relationships through customized reports, strategies, and presentations.
Chief Currency Strategist
Mellon Bank
May 1999 - May 2001 (2 years 1 month)
Provided short and medium term analysis of developed and developing economies, currencies, and interest rates. Supported sales and trading in Pittsburgh, Boston, and London. Served on management investment committee and developed extensive corporate and custodial client contact.
Senior Strategist
Deutsche Morgan Grenfell
April 1995 - November 1998 (3 years 8 months)
Responsible for short term analysis and commentary on international currency and interest rate developments for the foreign exchange trading and sales forece. Worked directly with clients on strategy development. Contributed to internal and industry publications. Commanded high profile in the financial media and presented frequently before business groups and industry conferences.
Director of Research & Portfolio Manager
Ezra Zask Associates
August 1993 - March 1995 (1 year 8 months)
Member of managing committee for financial and commodity hedge fund. Developed trading strategies, interacted with outside managers, created and traded interest rate program, and assisted in execution of trading strategies in the foreign exchange portfolio. Designed and directed fundamental, technical, and quantitative research projects.

Education

University of Pittsburgh
Masters
1984 / 1985
Public and International Affairs, International Political Economy
Northern Illinois University
Masters
1982 / 1984
American History
North Central College
Bachelor of Arts
1979 / 1982
Political Science & Humanities

Publications

Making Sense of The Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange
Marc Chandler
Bloomberg Press
08/19/2009
Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy. Making Sense of the Dollar explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose. Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.
Marc to Market:Breaking Down and Making Sense of Global Capital Markets
Marc Chandler
Marc Chandler
Global capital markets analysis and commentary blog with over 45,000 hits monthly. Featured on Seeking Alpha, Business Insider, FT Alphaville, ForexPros, Credit Writedowns, Zero Hedge, and The Street.