Ueda has done a great job of stalling the yen bounce before it caused trouble, now he can let the market stew til after the election and the start talking about a Dec hike again?
Britain was a country powered by coal. Now itās the first G-7 nation to quit it. The coal age is over in the country that sparked the industrial revolution 200 years ago.
Britain was a country powered by coal. Now itās the first G-7 nation to quit it. In a matter of hours, the boilers at the Ratcliffe plant will cool to the touch.
Iām not sure, unless you keep rubble on bookshelves, that this solves the problemā¦.
Goldās up 27% this year but coffee - 40%ā¦ I can live without gold butā¦.meanwhile Septemberās top currencies have central banks which arenāt cutting rates yet.
Thatās a good q! Up with A$ and NZ$, partly on hopes of a Chinese stimulus package; deffo having a better day than I expected but maybe shorts covered just in case Beijing does something
Weāre only 2 days into Autumn and Itās been a big weekend for bluesky-economics inc. Nangle on the virtues of balanced pension portfolios, Yates on Bank of England reform.
The first two big dollar rallies of the last 50 years (80-85, 95-01) were entirely unwound, faster than they grew. Will the 2011-2022 rise suffer the same fate as fx hedging snowballs? Whether it does or not, itās really, really hard to see any home-grown appeal in the euro today.
This is an odd blog arguing that because thete is no savings glut in China, just too-weak demand, the policy prescription is domestic, unlike the early 2000s. But the outcome absent Chinese action, might be just as disinflationary so from here, whatās the difference? www.imf.org/en/Blogs/Art...
Worries that Chinaās external surpluses result from industrial policies reflect an incomplete view