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Canadian dollar on track for 2nd-worst year ever
Canadian dollar on track for 2nd-worst year ever Currency is down 17% year-to-date against the U.S. currency The Canadian dollar hasn’t been at par with the U.S. dollar for three years. This year, the loonie’s slide against the American dollar was one of the biggest ever. (Mark Blinch/Reuters) The word “beleaguered” — often used to describe […]
Canadian dollar tumbles to close below 72 cents US
Canadian dollar tumbles to close below 72 cents US Oil slips below $35 US amid continuing strength of U.S. dollar Some analysts say the loonie could eventually fall to 70 cents US as the currency is pressured by low commodity prices, and the diverging interest rate policies of Canada and the United States. (Mark Blinch/Reuters) […]
The Yuan Ascends to World Reserve Status: “Dollar System Being Done Away With”
The Yuan Ascends to World Reserve Status: “Dollar System Being Done Away With” Today’s news is a historic milestone. The dollar’s days are numbered, and the new global economic order is shifting into place. As many insiders have expected, China has now officially gained status among the world reserve currencies, taking place alongside the dollar, […]
Dollar-Denominated Corporate Time Bomb Set to Blow
Dollar-Denominated Corporate Time Bomb Set to Blow Emerging economies around the world are already feeling the first pangs of withdrawal as fast yield-chasing investors send their funds back to the U.S. in anticipation of higher Treasury yields and a further appreciating dollar. In Mexico, the central bank has just published its balance of payments data […]
One Chart Shows Where Oil Prices Could Be Headed
One Chart Shows Where Oil Prices Could Be Headed There’s a rare extreme in the oil sector right now… The oil-to-U.S. dollar ratio – which reflects the relationship between the price of oil and the dollar – is near its lowest point in almost seven years. When this ratio hit a low in 2009, the […]
Oil Prices Down As Storage Keeps On Filling Up
Oil Prices Down As Storage Keeps On Filling Up Happy Thanksgiving Eve! One hundred and forty-eight years to the day after Alfred Nobel patented dynamite, and the fuse has been lit for an explosion to the downside for the crude complex. After geopolitical tension was stoked yesterday, attention shifts back to oversupply today with the […]
The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse
The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America. But it isn’t just South America that is experiencing a very […]
The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse
The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America. But it isn’t just South America that is experiencing a very […]
The Fed’s Dollar Distraction
The Fed’s Dollar Distraction In its September policy statement, the US Federal Reserve took into consideration – in a major way – the impact of global economic developments on the United States, and thus on US monetary policy. Indeed, the Fed decided to delay raising interest rates partly because US policymakers expect dollar appreciation, by lowering […]
USA Losing Sovereignty to World Fiscal Mismanagement
USA Losing Sovereignty to World Fiscal Mismanagement The IMF and many economists (domestic and foreign) are now warning that a rate hike by the U.S. Federal Reserve, no matter when, will spark a major economic crisis in the emerging markets. They see this crisis being ripe for countries with high budget deficits, such as Turkey, […]
The Fed Induced Farce
The Fed Induced Farce The minutes from the last Fed meeting were released on Wednesday afternoon. The minutes, along with a squadron of jabbering Fed heads lying about the economy doing great, pretty much locked in the most talked about .25% interest rate increase in world history. Evidently the Wall Street titans of greed have […]
The Federal Reserve, Interest Rates and Triffin’s Paradox
The Federal Reserve, Interest Rates and Triffin’s Paradox There is no way Fed policy can be win-win-win for all participants. One result of the global dependence on central bank interventions is a unhealthy fixation on the slightest changes in those interventions, oops I meant policies. Since the slightest pull-back in central bank inflation of asset bubbles […]
IMF’s Lagarde Anoints Chinese Yuan. Will it Now Demolish the “Dollar Hegemony?”
IMF’s Lagarde Anoints Chinese Yuan. Will it Now Demolish the “Dollar Hegemony?” IMF boss Christine Lagarde is gung-ho about it. IMF staff is too. The Executive Board will consider it on November 30 and in all likelihood approve it. It will take effect in October 2016. Then it’s a done deal: the Chinese yuan will […]
Will the Chinese Yuan Now Demolish the “Dollar Hegemony?”
Will the Chinese Yuan Now Demolish the “Dollar Hegemony?” IMF boss Christine Lagarde is gung-ho about it. IMF staff is too. The Executive Board will consider it on November 30 and in all likelihood approve it. It will take effect in October 2016. Then it’s a done deal: the Chinese yuan will be added to […]
