Leo Haviland provides clients with original, provocative, cutting-edge fundamental supply/demand and technical research on major financial marketplaces and trends. He also offers independent consulting and risk management advice.

Haviland’s expertise is macro. He focuses on the intertwining of equity, debt, currency, and commodity arenas, including the political players, regulatory approaches, social factors, and rhetoric that affect them. In a changing and dynamic global economy, Haviland’s mission remains constant – to give timely, value-added marketplace insights and foresights.

Leo Haviland has three decades of experience in the Wall Street trading environment. He has worked for Goldman Sachs, Sempra Energy Trading, and other institutions. In his research and sales career in stock, interest rate, foreign exchange, and commodity battlefields, he has dealt with numerous and diverse financial institutions and individuals. Haviland is a graduate of the University of Chicago (Phi Beta Kappa) and the Cornell Law School.


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DESPERATE HOUSEWIVES (EPISODE 5)- LET’S GET FISCAL! © Leo Haviland, December 13, 2010

We all know that America is not a single player in the economic scene. The vigorous fiscal and monetary responses of the United States and its friends to the worldwide financial crisis that erupted in 2007 indeed have supported near term economic recovery and excited some optimism. Look at the jump in key stock marketplace playgrounds and many commodity sectors!
Nevertheless, America increasingly looks married to fiscal deficits. The Federal Reserve Board not only promises, at least for now, the ongoing joys of low nominal government interest rates. It has espoused a new foray into quantitative easing. The ongoing threesome of large and growing fiscal deficits, lax Federal Reserve policy, and a feeble US dollar should worry marketplace voyeurs. US interest rates in general are in the process of mounting higher. The US dollar probably will decisively penetrate its all time lows. Rising yields alongside a falling dollar increasingly will undermine and eventually reverse a fair amount of the worldwide equity rally that began in spring 2009.


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Desperate Housewives (Episode 5)- Let’s Get Fiscal!