"Now you know my credo: Free-market capitalism is the best path to prosperity. And let me add to that from our Founding Fathers: Our Creator endowed us with the inalienable rights to life, liberty, and the pursuit of happiness. In other words, ...

Mexican peso tumbles as Trump jolts markets with new tariffs, yen gains

PBOC 10 March 2019: "The overall goal of the RMB exchange rate reform is to establish and improve a managed floating exchange rate system based on market supply and demand, and maintain the basic stability of the RMB exchange rate at a reasonable ...

Here's What Could Happen If the Yuan Slips to 7 a Dollar

Japanese economy is more at risk than USA this time around and he has not taken that into account (at least not in the article). But I have a lot of time for the writer so I'm slightly torn. What I give a lot of weight to this time around are the ...

Yen May Be Currency Winner as Disinflation Concern Grips Markets

If expected inflation rate is turning higher (tariffs, trade disruptions) then the real short rate would be falling and give a signal to FED to raise the nominal rate. Under this scenario if the FED did nothing then long rates would move sharply ...

The US bond market recession signal freaking the markets out could be a false positive

China is a lot more used to austerity than USA which will tend to stiffen their resolve. It's good to recognize the potential for equity slump and the realities facing the world economy. Sparked by one comment here it may be true that the world ...

Equity Slump Deepens while Yields Plunge

Best things in life are free. A very small percentage make it this big, same odds as various cancers. Its positive to seek ways of helping others whether you are rich or poor.

MacKenzie Bezos pledges half her fortune to charity

Time to agree that near 50% is not near enough to lead to a deal which the UK will get behind - either way. Need new approach - say 60% - for a new decision. Ongoing bickering will never move you forward from a crisis. One step back now while there ...

Jeremy Corbyn to back second Brexit referendum and could agree new vote in days

Uncertainty about a No Deal Brexit and extension to 31 October and the PMs resignation combine to create another few months of peril for traders. Think of a faulty mousetrap which never springs until one incredible nanosecond it explodes. In the ...

GBPUSD bears remain into play around 4½-month low

One of Wall Street's current errors is the assumption that it will end soon. Given the shift towards trade rules being decided by 3 Super Powers then this year is just the beginning. The WTO might as well be a headless chicken.

How Will the US-China Trade War End?

Once upon a time such developments were referred to as a Sterling Crisis. Now its just what we expect. If only there was a handsome prince to rescue the maiden in distress. Alas......

No-Deal Looks More Likely, But Could a Tory Leader Pull It Off?

Thank you for this post which brought to mind the reforms issue for US aircraft regulation and manufacture. These are not issues of free trade but issues of international law. At the country level we have property rights and law and order as ...

President Trump: Goal Is To Remove Trade Barriers Of All Kinds So US Exports Have A Fair...

Another referendum would be insane. 1. There is no current option for implementation of Brexit. 2. The current rules support a simple majority decision 3. A simple majority is not enough for voters to agree to leave or stay. 4. Failure to reach a ...

Corbyn hints at 2nd referendum for first time as Brexit Party crush Labour in EU poll

I nominate Janet Yellen.

May Quitting Throws Bank of England Governor Race Into Unknown

Pro EU is all we need to know. Positive for EU but threats to global trade still a bigger negative for EUR. USD still favored over EUR for now.

Five key takeaways from the European parliament elections

There are three players not two. EU may be sidelined for now but not for long. I do not expect an easy endgame at all. There is too much at stake in this game for two players to reach an early deal esp with USA election imminent (in economic terms). ...

US and China aren’t facing ‘enough pain’ right now for them to strike a quick trade deal: UBS

China has 1.4 billion people so there is a fair amount of questioning goes on. Can you imagine otherwise? You describe a mental construct more akin to the 1970s which has been trashed in the subsequent opening up of China to the world. And just when ...

China says U.S. demand on its state-owned enterprises is 'invasion' on economic sovereignty

We need to look ahead and not just backwards. Already the indicators outside of the USA at the margin are coming in soft and analysis of the major US policies at home and abroad are combining to harm business and consumer confidence, investment and ...

US-China trade war tariffs wreak havoc on Christmas orders with Chinese manufacturers thrown...

1. The answer is that USA government spends much more than its revenue and has done so for decades hence the accumulation of public debt outside the USA. 2. The interest rate is 2 to 3%pa (i.e. the interest rate on US Treasury bonds). 3. Yes, ...

Could China dump its US Treasuries to fight the trade war? A contrarian view is emerging in...

An annoying article which makes you pleased that the FED itself is both more intelligent and more subtle. The principal reason for caution on these matters is that so often in history the big mistake has been being too soft on inflation threats ...

The Fed’s bad predictions are hurting us

BoJo needs to find sound solutions and a comb. The only Brexit option now is No Deal at all. The other option is Remain. Each day the world is moving back towards Super Power politics and cold wars (we may not survive a hot one). Logic suggests UK ...

Here are the top contenders looking to become Britain’s next prime minister