Sovereign wealth funds are hot.   A senior JP Morgan Chase banker, quoted in Time: "SWFs ... are the new 'it' girl of global finance. Everyone wants a piece of them."  Almost every investment bank …

I am going to be away from my desk for a few days, giving a talk on petrodollars (and petroeuros).   Posting will likely be rather sporadic. Talking about petrodollars (and petroeuros) to group that …

Oil is once again quite strong.    Last summers’ rally was driven in part by a rise the geopolitical risk premium.   This summers’ rally seems a product of both strong global growth and relatively re…