The price terms of trade is defined as the world price of exports divided by the world price of imports. So a country depreciating means that imports now more expensive in local currency and exports now more expensive as well by the same amount. So ...

RBA Statement by Philip Lowe, Governor: Monetary Policy Decision

Of course the CAD strengthened against the USD. This pair, like the USD/JPY, uses the less common convention which gives an appreciation in the direction of a lower number.

Canada Hikes, ECB Next, US Debt Deal

WTO rules do not promote tariffs and other protectionist measures and the EU countries claim to be members of the WTO. It is the EU which is well behind the times by NOT promoting free trade. And if it did then the UK would not have any problems in ...

Britain’s deluded hopes for a painless free-trade deal

Currency movement cannot affect the terms of trade as it impacts on both export prices and import prices - they cancel each other out.

RBA Statement by Philip Lowe, Governor: Monetary Policy Decision

No comment on global growth momentum. And commodity price trends. Absent holocaust, markets will eventually refocus on commodity strength.

Lowe: Remarks at Reserve Bank Board Dinner

[quote=AnniLi;10259267]Neither war nor sanctions are viable. In fact each of these assist the regime in mollifying the people. The more the people of North Korea understand the world we live in then the more likely the regime will come under ...

South Korea Defense Ministry Says Seeking All Available Military Options, Referring To US...

No safe haven argument exists for nuclear war. But maybe you get rich and still die.

Safe Havens Maintain Gains as Korea Threats Linger

Neither war nor sanctions are viable. In fact each of these assist the regime in mollifying the people. The more the people of North Korea understand the world we live in then the more likely the regime will come under pressure. Of course Iran could ...

South Korea Defense Ministry Says Seeking All Available Military Options, Referring To US...

Gradualism is the obvious strategy and therefore the most intelligent. China is trying very hard to open up its financial markets - shares, money (forex), corporate and government bonds. Few major countries have reopened their markets post GFC, if ...

Experts question pace of change, need for intervention

Swiss stagnation raises risks of more forex intervention. Strong currency and weak economy adds up to economic policy failure. Nuclear fears - no such thing as safe havens here.

Swiss Gross domestic product in the 2nd quarter of 2017

This is a poor wee lost soul.

EU negotiators 'incapable' of flexible Brexit talks, UK officials believe

It is annoying that people continue to use free trade and trade 'deals' as synonyms. The WTO is an international organisation which promotes free trade and has powerful tools to foster free trade and to hear cases against member countries which ...

Macron and Merkel could kick-start Brexit trade deal

Public sector net worth is more interesting than net debt but not given here. Looks like net worth is about 60 to 70 per cent of total public assets or roughly 3 trillion pounds. And seems to be heading higher or at least stable. UK will come again ...

UK Public sector finances: July 2017

LVR is intervention in the free market to try to deal with several other interventions in the free market in NZ. These interventions oppose the logic of our free market analysis (which includes valid circumstances for potential interventions). LVRs ...

To LVR or not to LVR?

Monetary conditions combine both the exchange rate and the short term interest rate. Yes, the USD has managed to increase while short term interest rates are barely any higher than at the bottom. Why should that be? Answer is that the economy has ...

Fed's Kaplan: Dollar has been very strong for several years; a weak dollar, all things being...

Fault on both sides. Like My Lai? Or a very disturbed, mentally ill minority? This is not a complicated issue to understand but like many health issues can be impossible to fix. Please get on the healthy side.

Rather than putting pressure on the business people of the Manufacturing Council and Strategy...

Excellent progress. Now we see that USA actions from 1963 onwards (post Bay of Pigs) are related to today's attitudes in non- USA aligned Asian countries which includes North Korea and China. So this gives an ideal opportunity to negotiate using an ...

North Korea's Kim Jong Un says will watch U.S. bit longer before acting: KCNA

7.5 billion people dead man. End of all trends in forex markets.

Korean State News Agency KCNA report that North Korea is seriously examining simultaneous fire...

Surprisingly no mention of the Korean war unless I missed it skimming the ego spurts. China could have supported further advances south but was persuaded by Moscow to go no further for fear of revitalising Allied counter offences. So the parallel ...

North Korea Refuses To Negotiate, Threatens US With "Severe Nuclear Lesson"

It should now be clear to everyone that China has as much control over NK as you or me. China has been reinforcing its NK border because 25 million people live just there and China wants fewer people to care for not more. Even the idea that China ...

Japan defense review warns of enhanced North Korea threats