Tag Archive: Currency

To The Asian ‘Dollar’, And Then What?

2017-04-27

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2017-04-27

TIC - US Banking Data Claims On Foreigners, February 1979 - February 2017
The Bretton Woods system was intentionally set up to funnel monetary convertibility through official channels. The primary characteristic of any true gold standard is that any person who wishes can change paper claims into hard money. It was as much...

Euro Saves Germany, Slaughters the PIGS, & Feeds the BLICS

2017-04-06

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2017-04-06

European Population vs. Total Europe Energy Consumption
The change in nations Core populations (25-54yr/olds) have driven economic activity for the later half of the 20th century, first upward and now downward. The Core is the working population, the family forming population, the child bearing population,...

SNB Spent $68 Billion On Currency Manipulation In 2016

2017-03-24

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2017-03-24

SNB Intervention, 2010 - 2017
While Donald Trump has repeatedly expressed his displeasure with China for manipulating its currency, he appears to have recently figured out that over the past 2 years Beijing has been spending hundreds of billions in dollar to strengthen, not weaken,...

What Will Trump Do About The Central-Bank Cartel?

2017-02-14

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2017-02-14

Euro Banks find it increasingly hard to obtain US dollar credit
The US is by far the biggest economy in the world. Its financial markets — be it equity, bonds or derivatives markets — are the largest and most liquid. The Greenback is the most important transaction currency. Many currencies in the world — be it the...

FX Traders Have To (Re)Learn A New Skill

2017-02-11

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2017-02-11

China Trade Balance with United States, April 2016-January 2017
Dear FX traders: forget the dot plot, and prepare to learn a new - or to some forgotten - skill: how to read trade flows. As Bloomberg's Vincent Cignarella and Andrea Wong point out, currency traders accustomed to analyzing the Fed’s dot plot and...

The US Dollar Is Now Overvalued Against Almost Every Currency In The World

2017-01-24

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2017-01-24

World Map
In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”. It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. In...

Trump Is Set To Label China A “Currency Manipulator”: What Happens Then?

2017-01-11

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2017-01-11

China - BoP
While China has been banging the nationalist drums in its government-owned tabloids, warning daily of the adverse consequences to the US from either a trade war, or from Trump's violating the "One China" policy, a more tangible concern for...

Gold Price In GBP Up 4 percent On Brexit and UK Risks

2017-01-10

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2017-01-10

Gold Price in GBP
Gold Price In GBP Rises 4% On Brexit and UK Economy Risks. Pound fell 2% against gold yesterday after Theresa May created Brexit concerns. May's 'Hard Brexit' denial does not calm markets growing fears. Investors concerned about lack of government...

European Stocks Greet The New Year By Rising To One Year Highs; Euro Slides

2017-01-04

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2017-01-04

Markit Eurozone Manufacturing PMI
While most of the world is enjoying it last day off from the 2017 holiday transition, with Asia's major markets closed for the New Year holiday, along with Britain and Switzerland in Europe and the US and Canada across the Atlantic, European stocks...

Kosten eines Vollgeld-Systems sind hoch (Costly Sovereign Money)

2016-12-22

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2016-12-22

Niepelt Keystone
Eine Umsetzung der Vollgeld-Initiative würde grossen Schaden anrichten und dürfte im Ergebnis selbst die Initianten enttäuschen. Verbesserungen verspricht dagegen eine «sanfte» Reform: die Einführung von elektronischem SNB-Geld für alle.

The War On Cash Is Happening Faster Than We Could Have Imagined

2016-12-03

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2016-12-03

It’s happening faster than we could have ever imagined. Every time we turn around, it seems, there’s another major assault in the War on Cash. India is the most notable recent example– the embarrassing debacle a few weeks ago in which the government,...

Dollar Illiquidity Getting Critical: A $10 Trillion Short Which The Fed Does Not Understand

2016-11-17

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2016-11-17

Dollar Index vs G7 Inflation
In the latest report from ADM ISI’s strategy team, “Dollar Liquidity Threat is Getting Critical and Fed is M.I.A.”, Paul Mylchreest argues that mainstream economic luminaries (like Carmen Reinhart) are finally acknowledging the evolving crisis due to...