Norman Mogil | TalkMarkets | Page 24
Consulting Economist
I received undergraduate and graduate degrees in economics and finance from the University of California, Los Angeles, 1968. My professional expertise is in macro-economics; currency and trade strategies; interest rates and yield curve analysis and fixed income strategies. For the past two decades ...more

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The Bank Of Canada Continues To Hold Its Breath
Bank of Canada is holding its trendsetting interest rate at 0.5 per cent. There seems to be more emphasis on “uncertainties” than in the past pronouncements, as the Bank struggles with the lack of visibility on the external side of the economy.
Is The Trump Economic Agenda Falling Apart Before It Even Gets Underway?
Investors who are looking to Trump's agenda as a panacea for renewed growth need to step back and consider carefully the agenda and its constraints which are becoming more evident every day.
When It Comes To Setting Monetary Policy Europe And The United States Go Their Separate Ways
If we live in an interdependent world, one would never know this by comparing monetary policy among the developed countries. A U.S. –EU comparison of interest rates paints a picture of two continents pursuing quite divergent monetary policies.
Trump’s Medical Prescription Will Kill The Patient, Instead Of Curing The Disease
The Trump administration has devised a strategy linking the corporate tax cuts with a border tax adjustment.
We Live In A World Of Disturbances
Consumer sentiment set a 13-year high last month, a sign that it is the best of times. However, nominal wages are virtually flat and real wages actually fell last quarter, a sign that it is the worst of times for the American worker.
Investors Facing Two Competing Set Of Policy Choices
The old adage, "you pays your money, you takes your choice" aptly describes today’s investment world. Investors must decide between two asset classes and must accept the results of that decision.
Who Is Going To Buy Treasuries Now?
Wall Street firms totally missed the huge demand for Treasuries in 2012-16, as central banks, sovereign wealth funds and large international private funds dominated the purchases of new federal debt.
The Canadian Job Market Is Dominated By Part-Time Workers
While the Canadian labor market remains stable, the Bank of Canada is aware of the degree of slack in the economy and need for more stimulus.
Success In The Export Markets Continues To Elude Canada
While the headlines suggest that Canada’s merchandise trade is back on track after recording a surplus of nearly C$ 1 billion in December 2016, looking at the year overall, the export sector continues to fall short of expectations.
Lessons From The Reagan Era On Managing Twin Deficits
Many are harking back to the Reagan era for guidance on how to implement the pro-growth policies advocated by President Trump and Congress.
Why Canada Wants More Immigrants: It Is An Economic Imperative
Canadians are watching in disbelief and in utter dismay at the dysfunctional U.S. immigration policy.
Financing US Twin Deficits: Reliance On The Kindness Of Foreigners
The United States has been able to fund its budgetary deficits at low interest rates with the help of foreign governments, sovereign wealth funds and large foreign institutional investors.
What U.S. Bond Investors Need To Know For 2017
The combination of monetary tightening and mediocre economic performance suggest that long - term bond yields will decline over the course of the year.
Recent U.S. Wage Gains Are Not A Source Of Inflation
The upswing in U.S. wages is now catching the attention of inflation vigilantes.
Canada And The United States: Neighbors With Divergent Monetary Policies
In the United States, growth and rising inflation expectations are pushing the Federal Reserve to take a more hawkish position on rates. But what is behind Canada’s reluctance to follow the U.S. path?
The Bank Of Canada Remains Hopeful In A Very Uncertain World
In maintaining its target for the bank rate at 0.50 percent, the Bank of Canada holds onto the hope for a better tomorrow.
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