Home » Posts tagged 'currency' (Page 15)
Tag Archives: currency
That 70s show – episode 4
That 70s show – episode 4 We have shown in the previous three episodes (episode 1, 2 and 3) how the US economy structurally changed after Nixon took the US off gold, letting the Federal Reserve do what it does best. Obviously, with the “hard” anchor of the US dollar cut loose, the rest followed suit. It is telling […]
2 days of gains push oil up 17%, TSX up 3.6%
2 days of gains push oil up 17%, TSX up 3.6% Global stocks calmer after a week of volatility set off by doubts about China’s growth After a week with wild swings in the values of stocks and commodities, oil futures ended up gaining 17 per cent in two days and the TSX was up […]
Why QE4 Is Inevitable
Why QE4 Is Inevitable One narrative we’ve pushed quite hard this week is the idea that China’s persistent FX interventions in support of the yuan are costing the PBoC dearly in terms of reserves. Of course this week’s posts hardly represent the first time we’ve touched on the issue of FX reserve liquidation and its […]
It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington
It’s Official: China Confirms It Has Begun Liquidating Treasuries, Warns Washington On Tuesday evening, we asked what would happen if emerging markets joined China in dumping US Treasurys. For months we’ve documented the PBoC’s liquidation of its vast stack of US paper. Back in July for instance, we noted that China had dumped a record $143 billion in US […]
Why Saudi Arabia Won’t Cut Oil Production
Why Saudi Arabia Won’t Cut Oil Production Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward. At first blush, the collapse of oil prices and the resiliency of U.S. […]
Oil Price Collapse Triggers Currency Crisis In Emerging Markets
Oil Price Collapse Triggers Currency Crisis In Emerging Markets Emerging market currencies are getting slammed by the collapse in commodity prices, a downturn that has accelerated in recent weeks. The health of many middle-income and emerging market economies has been predicated on relatively strong commodity prices. A whole category of countries achieved strong growth by […]
China share plunge drives selling in Asian, European markets
China share plunge drives selling in Asian, European markets Benchmark Shanghai Composite Index is down 38 per cent from its June 12 peak World stock markets plunged on Monday after China’s main index sank 8.5 per cent — its biggest drop since the early days of the global financial crisis — amid deepening fears over […]
Saudi Arabia Faces Another “Very Scary Moment” As Economy, FX Regime Face Crude Reality
Saudi Arabia Faces Another “Very Scary Moment” As Economy, FX Regime Face Crude Reality “They are working for their market share, not for the price,” Kazakh Prime Minister Karim Massimov told Bloomberg on Saturday, during the same interview in which he predicted that sooner or later, dollar pegs in Saudi Arabia and the UAE would […]
Turkey On The Brink As Calls For Martial Law, Civil War Send Lira Plunging Again
Turkey On The Brink As Calls For Martial Law, Civil War Send Lira Plunging Again For anyone who might have missed it, Turkey is quickly descending into chaos on all fronts. The lira is putting to new lows against the dollar on a daily basis as confidence suffers from a worsening political crisis which began […]
Indonesia Impaled: Currency Crashes To 1998 Asian Crisis Low As Exports Crater
Indonesia Impaled: Currency Crashes To 1998 Asian Crisis Low As Exports Crater On Monday we laid out the rather dire road ahead for the world’s emerging economies in the face of China’s entry into the global currency wars. The path ahead is riddled with exported deflation and decreased trade competitiveness for a whole host of emerging economies […]
Greeks Flock to Grassroots Alternative Currencies in Affront to Euro Debt Slavery
Greeks Flock to Grassroots Alternative Currencies in Affront to Euro Debt Slavery Necessity is the mother of invention. When Christos Papaioannou noticed his car needed new tires, the Greek computer engineer bought them with euros—but used an alternative currency, called TEM, to pay his mechanic for the labor. His country has avoided a catastrophic exit from the common […]
China Provides Another Threat to Oil Prices
China Provides Another Threat to Oil Prices First it was a stock market meltdown, now it’s a weakening currency. China continues to present significant risks to the oil market. On August 11, China decided to devalue its currency in an effort to keep its export-driven economy competitive. The yuan fell 1.9 percent on Tuesday, the […]
Desperate move by China a worrying sign: Don Pittis
Desperate move by China a worrying sign: Don Pittis Instead of boosting economy there is danger China’s sudden move will hurt confidence The father of Western medicine, Hippocrates, had some advice in 400 BC that has been passed down to today: “Extreme remedies are very appropriate for extreme diseases.” As the world responds to this week’s extreme andunexpected devaluation by the Chinese […]
China’s 1929 moment
China’s 1929 moment Anyone with a nose for markets will tell you that the Chinese government’s attempt to rescue the country’s stock markets from collapse is far from succeeding. Bubbles collapse, period; and government interventions don’t stop them. Furthermore, we are beginning to see a crack widen in the foundations of China’s capital markets that […]
New currencies and their relationship with fiat currency
New currencies and their relationship with fiat currency Complementary Currencies aim to work alongside the pound or the dollar. Classically they seek to broker exchanges of underused resources with unfulfilled need, and facilitate activity in niches neglected by the mainstream economy. They do much good work and are worthy of support. Intentional Currency designs on […]
