Economist (US Macro), RDQ Economics

Conrad DeQuadros

Economist (US Macro)

RDQ Economics

RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.  
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Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
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The founders of RDQ Economics—John Ryding and Conrad DeQuadros—worked together on Wall Street for a decade, in the independent research space for nine years, and have experience in central banking at the Federal Reserve and the Bank of England.  John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.

Credit

This week brought reports on the U.S. producer and consumer price indexes for October.  Following a methodological change in 2014, the Bureau of Labor Statistics now reports headline PPI as "final-demand" prices rather than "finished goods" prices—finished goods PPI prices are still published, but have been demoted.  We find little use for final-demand PPI prices as these include PPI services prices, which have a large relative importance (64%) but no relationship to CPI services prices, which…

This week brought reports on the U.S. producer and consumer price indexes for October.  Following a methodological change in 2014, the Bureau of Labor Statistics now reports headline PPI as "final-demand" prices rather than "finished goods" prices—finished goods PPI prices are still published, but have been demoted.  We find little use for final-demand PPI prices as these include PPI services prices, which have a large relative importance (64%) but no relationship to CPI services prices, which…

It is no secret that the Trump Administration intends to rein in post-financial crisis regulation and there have been some stirrings on this front in recent weeks (for example, last week’s Senate passage of legislation that overturned the Consumer Financial Protection Bureau arbitration rule, a day after a Treasury Department report recommended this action).  Of particular interest to us are regulatory changes that might affect banks’ willingness to lend.Earlier this month, the Treasury…

It is no secret that the Trump Administration intends to rein in post-financial crisis regulation and there have been some stirrings on this front in recent weeks (for example, last week’s Senate passage of legislation that overturned the Consumer Financial Protection Bureau arbitration rule, a day after a Treasury Department report recommended this action).  Of particular interest to us are regulatory changes that might affect banks’ willingness to lend.Earlier this month, the Treasury…

Financial Regulation Stirrings Might Influence Inflation Trends

The Nobel prize for economics was on Monday awarded to Richard Thaler, who documented how people frequently behave in a manner inconsistent with the rational expectations incorporated in many mainstream economic models.  This week also saw present and former policymakers discuss the merits of central banks shifting from current inflation-targeting regimes to price-level targeting, which is dependent on rational expectations.  Former Fed Chairman Ben Bernanke delivered a paper on Thursday…

The Nobel prize for economics was on Monday awarded to Richard Thaler, who documented how people frequently behave in a manner inconsistent with the rational expectations incorporated in many mainstream economic models.  This week also saw present and former policymakers discuss the merits of central banks shifting from current inflation-targeting regimes to price-level targeting, which is dependent on rational expectations.  Former Fed Chairman Ben Bernanke delivered a paper on Thursday…

Central Bankers Rethinking Policy Frameworks

The Fed began explicitly targeting 2% inflation, as measured by the year-over-year change in overall PCE prices, in 2012.  However, 2% has long been the inflation rate Fed officials associated with their Congressionally-mandated objective of price stability and, therefore, 2% had already been an implicit target.  For example, at the July 1996 FOMC meeting, policymakers had an extensive discussion about price stability and inflation goals.  Then-Governor Janet Yellen asked Chairman Alan Greenspan…

The Fed began explicitly targeting 2% inflation, as measured by the year-over-year change in overall PCE prices, in 2012.  However, 2% has long been the inflation rate Fed officials associated with their Congressionally-mandated objective of price stability and, therefore, 2% had already been an implicit target.  For example, at the July 1996 FOMC meeting, policymakers had an extensive discussion about price stability and inflation goals.  Then-Governor Janet Yellen asked Chairman Alan Greenspan…

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US Breakeven 10 Year / Technical Analysis

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Access to this document is restricted to the use of the intended recipient designated by BBSP and may not be shared with others. Any unauthorised use, dissemination, distribution or copying of this document, in whole or in part, is strictly prohibited. This document is provided solely for information purposes. Under no circumstances is the information contained or referred to herein to be relied upon as constituting personal investment advice or construed as any offer or solicitation to buy or…

10US Breakeven - New Bullish Impulse in the Pipeline

US Breakeven 10 Year (USGGBE10 INDEX)

Trends in U.S. Inflation

This week brought reports on the U.S. producer and consumer price indexes for October. Following a methodological change in 2014, the Bureau of...

RDQ Economics

Financial Regulation Stirrings Might Influence Inflation Trends

It is no secret that the Trump Administration intends to rein in post-financial crisis regulation and there have been some stirrings on this front...

RDQ Economics

Central Bankers Rethinking Policy Frameworks

The Nobel prize for economics was on Monday awarded to Richard Thaler, who documented how people frequently behave in a manner inconsistent with...

RDQ Economics

Raising the Fed's 2% Inflation Target

The Fed began explicitly targeting 2% inflation, as measured by the year-over-year change in overall PCE prices, in 2012. However, 2% has long...

RDQ Economics

10US Breakeven - New Bullish Impulse in the Pipeline

Access to this document is restricted to the use of the intended recipient designated by BBSP and may not be shared with others. Any unauthorised...

BBSP Asia