Welcome To The Currency War, Part 21: Japan Goes Negative; US To Return Fire In 2016
Well that didn’t take long. Two weeks of falling share prices and the European and Japanese central banks caved. First the ECB promised new stimulus
Well that didn’t take long. Two weeks of falling share prices and the European and Japanese central banks caved. First the ECB promised new stimulus
If 2015 was a year Brazil would like to forget, 2016 is doing its best to make that happen. But, alas, not in the way
One by one the pillars of the recovery are toppling. Last year the Chinese infrastructure party ended and the shale oil boom went bust. More
Republican party insiders expected The Donald to have his 15 minutes and then, when the reality of what President Trump might mean sinks in, lose
A few years ago, economist Nouriel Roubini was explaining to a reporter why Chinese economic data couldn’t be trusted. He noted that it takes the
That didn’t take long. A month after the Fed’s dreaded quarter-point interest rate hike, the markets tank and out come the talking heads to promise
One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008 when the carnage could be
A too-strong currency is, in theory, supposed to make it harder to sell things to cheap-currency countries, thus crimping corporate profits and by implication pretty
Years (actually decades) ago I lived in a New York University grad student dorm that housed mostly elite kids from other countries. Sons of African
Between that Russian plane being taken down by a soda can bomb and the recent Paris attacks, travel is losing some of its appeal. Last
Today’s financial world is a tough place for the average person but paradise for rich guys. As easy money raises asset prices, the owners of
This weekend’s Paris attacks, occurring in the middle of one of history’s largest mass-migrations, has the feel of uncharted territory. But it’s actually an eerie
Portugal has entered a phase change, with potentially huge ramifications. After handing a parliamentary majority to a coalition of leftist (i.e., anti-austerity, anti-euro, anti-NATO) parties,
Let’s start with the latest on the global descent into negative interest rates: Fed would consider negative rates if economy soured – Yellen (Reuters) –
Everybody who’s owned gold and silver mining shares through a couple of cycles has their favorite story of the stock that took off and ran
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