"...if this is proved false then the 'boom' simply disappears... and we are in the same boat as the BoJ is on Japanese inflation, and Banco do Brasil on the question of backdoor swaps versus reserves."
These are the choices facing Beijing in response to Trump's trade war escalation, including everything from the most benign response to the "nuclear option."
After several rounds of consultations, it has become clear that a rupee-rouble transfer, pegged to the exchange rate of an international currency, is the solution
It's more of the same trade war developments that have dominated the newsflow for the past week, with the only difference that this time markets are finally spooked by what is going on.
"...a great power that eternally knows what the world needs and offers copious advice with a tone deafness that would be humorous, if it weren’t so grim."
The Singapore and Brunei $10,000 notes are the most valuable banknote denominations in the world. Not surprisingly, the two nations share a historical monetary relationship.
How difficult is it to run a successful hedge fund these days? Just ask Tim Garry, a veteran alum of John Burbank's Passport Capital, who launched Pelorus Jack Capital in April 2017, after raising $250 million only to shutter it after just over a year of trading.
An across-the-board tariff of 10% on all US imports and exports would lower 2018 EPS for S&P 500 companies by ~11% and, thus, completely offset the positive fiscal stimulus from tax reform.
Following a brief car chase, a vehicle packed with 14 undocumented immigrants crashed on Sunday after the driver lost control and ran off the road, causing the van to flip over several times.
"Equity markets look like they are in denial. They know their job is to go up, but their behavior at these levels is becoming sclerotic. They look ill without looking obviously bad. "
Following what was widely dubbed as "the most important week of the year", things slow down sharply but central banks remain in the spotlight again with the ECB's Forum on Central Banking due to take place in Sintra.
"Up to now it’s been hypothetical; action has been taken, tariffs are coming and you need to pay very, very careful attention to the impact it’s going to have on your holdings."
"What’s more worrisome to me is a real flash crash, which I define as a situation when the market “breaks”- in a situation with actual bad news, the current US market structure may not be able to handle it, and there could be a downward spiral.”
Ask any “brick and mortar” retailer in the past decade what new development has had the greatest (and most adverse) impact on their business, and 11 out of 10 times the answer will be “Amazon.”
