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Tag Archives: currency wars
Not the “Death of the Dollar” but “Death of the Euro?”
Not the “Death of the Dollar” but “Death of the Euro?” The rise of the Chinese yuan as an international currency is not only unstoppable but is advancing in leaps and bounds, according to SWIFT. It comes at the expense of other currencies, though it’s not triggering the long-awaited “death of the dollar.” On the contrary. […]
Currency Wars Continue As Kazakh Currency Crashes 25% After Peg Abandoned
Currency Wars Continue As Kazakh Currency Crashes 25% After Peg Abandoned On Tuesday we remarked on the increasingly perilous plight of yet another country whose economy has come under increased pressure from plunging oil prices and China’s move to devalue the yuan: Kazakhstan. Just one day after allowing the tenge to fall sharply in the interbank market […]
The Shot Not Heard Around the World
The Shot Not Heard Around the World China’s recent move to devalue the yuan has sent shock waves through the global financial markets and has convinced most observers that a new front in the global currency wars has begun. The move has caused many observes to envision a new round of competitive devaluations around the globe […]
12 Signs That An Imminent Global Financial Crash Has Become Even More Likely
12 Signs That An Imminent Global Financial Crash Has Become Even More Likely Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil […]
China “Loses Battle Over Yuan”, And Now The Global Currency War Begins
China “Loses Battle Over Yuan”, And Now The Global Currency War Begins Almost exactly seven months ago, on January 15, the Swiss National Bank shocked the world when it admitted defeat in a long-standing war to keep the Swiss Franc artificially weak, and after a desperate 3 year-long gamble, which included loading up the SNB’s balance […]
George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3”
George Soros Warns “No Exaggeration” That China-US On “Threshold Of World War 3” While admitting that reaching agreement between the two countries will be difficult to achieve, George Soros –speaking at The World Bank’s Bretton Woods conference this week – warned that unless the U.S. makes ‘major concessions’ and allows China’s currency to join the IMF’s basket […]
Money Worries
Money Worries The cynicism among the informed classes has never been so deep. Even the pompom boys in the cheerleading clubs like CNBC and The Wall Street Journal express wonderment at the levitation of stock indexes and bond values. They chatter about a “correction” of 20 percent being a healthful tonic that would clear away some […]
China Considers Launching QE; Shanghai Stocks Soar
China Considers Launching QE; Shanghai Stocks Soar Nearly two months ago we explained “How Beijing Is Responding To A Soaring Dollar, And Why QE In China Is Now Inevitable” in which we cited Cornerstone who reminded us “that from 2007 to late 2008, U.S. fed funds dropped 500 bp, and then the Fed still needed […]
China Could Face “Sharp” Rise In Capital Outflows If Stocks, Economy Lose Momentum
China Could Face “Sharp” Rise In Capital Outflows If Stocks, Economy Lose Momentum We’ve written quite a bit over the past two months about capital outflows from China. Last week for instance, we documented how the country saw its fourth consecutive quarter of outflows in Q1, bringing the 12 month running total to some $300 billion. Why, […]
Change They Don’t Believe In
Change They Don’t Believe In The unfortunate consequence of not allowing the process of “creative destruction” to occur in banking and Big Business is that the historic forces behind it will seek expression elsewhere in the realm of politics and governance. The desperate antics of central banks to cover up financial failure can’t help […]
What New Games Can Central Banks Play?
What New Games Can Central Banks Play? Does the Dollar Hold Enough Attraction to Break Out and Hold at Higher Levels? Now is the time to begin looking at the US dollar’s re-ascendance in a different light as we approach 1:1 against the euro. Shorter term we have to expect some possible panics around flat […]
Why We’re Drifting Towards World War 3
Why We’re Drifting Towards World War 3 The Economist argues that there are ominous parallels between the conditions which led to the first world war and today: The United States is Britain, the superpower on the wane, unable to guarantee global security. Its main trading partner, China, plays the part of Germany, a new economic power bristling […]
Why The Dollar Is Rising As The Global Monetary Bubble Craters
Why The Dollar Is Rising As The Global Monetary Bubble Craters Contra Corner is not about investment advice, but its unstinting critique of the current malignant monetary regime does not merely imply that the Wall Street casino is a dangerous place for your money. No, it screams get out of harms’ way. Now! Yet I am […]
Currency Wars… Are Not Working
Currency Wars… Are Not Working While none of the current batch of currency-devaluing Central Bankers would admit that their policies are designed to weaken the currency, enhance competitiveness, and hail a new bright future of growth for their nation (by printing money), it is clear that is the chosen textbook-based path chosen. However, as the following […]
THE MONEY WARS
THE MONEY WARS At some point in the future, those who have the privilege of writing the history about our present day events will find clever turns of phrase to describe our times. If those future scribes have any inkling of what actually transpired I imagine they will be able to clearly communicate these were […]
