If the People’s Bank of China surprised many with its early tightening move – it raised reserve requirements on banks by 0.5% - Google managed to kick it off front pages with its decision to reconsider all operations in China. You can see the whole thing here.
This is not very surprising. In the final analysis, [...]
Of course, there have been several pieces lately on the U.S. dollar. The most recent one appears to be this in the FT today, by Krishna Guha. This article closely follows the spirit of an earlier one by Martin Wolf in the same paper : that the demise of the U.S. dollar is exaggerated. That is [...]
The U.S. Treasury released its twice-a-year report on exchange rates. Using the ‘FIND’ function in Acrobat Reader to look for ‘Renminbi’, leads to the following sentences:
Only the Chinese renminbi remained unchanged against the dollar in the second quarter. This lack of movement of the renminbi has contributed to upward pressure on more flexible currencies in [...]
China’s central bank governor posted a note on the web site of the People’s Bank of China proposing a new global reserve currency. The key points are here:
They may either fail to adequately meet the demand of a growing global economy for liquidity as they try to ease inflation pressures at home, or create excess [...]
Sitting in a hotel room in Qatar waiting to catch a 2 AM flight to Singapore after a gruelling 10-day trip to Switzerland and the Gulf, I was catching up with emails and reading archived reports sedately. Financial markets were sleepwalking through the day. Gold was selling off.
Then, the Federal Reserve came up with its [...]
No. Michael Sesit is not trashing this blog, although it is fair game to do so. He is trashing the real gold standard. Much of the arguments are not new. The last sentence is a valid objection:
If you don’t have faith in central bankers or politicians to ride herd over inflation, why would you trust [...]
I think they got this one dead right:
V Anantha-Nageswaran, the chief investment officer for Asia-Pacific at the private bank Julius Baer, is frank about what he thinks will happen to the world economy over the next year or two when he advises clients. He doesn’t know. [The full piece here]
The good researchers at the Levy Institute are always an interesting read. Whether we agree with them or not, they have a framework. They are easy to follow. They have come up with an interesting piece titled “Prospects for the United States and the World: A Crisis That Conventional Remedies Cannot Resolve”. It can be [...]
Bare Talk at Mint
Recent Comments