Tags » Currency Manipulation

We have moved to sell the Rebounds

This is one of today’s headlines on Zerohedge https://www.zerohedge.com/news/2018-03-16/we-have-moved-sell-rebounds-dollar-slides-futures-fade-amid-political-turmoil . It echoes what we wrote yesterday in the article below. The headline is a quote from Deutsche Bank Asset Management, one of the big players in the market. 199 more words

Financial Markets

Madness is Reason

Just imagine the following. A very wealthy woman sells all of her assets for US Dollars. She then orders the Bank to deliver the cash in bank notes. 358 more words

Financial Markets

Notes From Underground: Things to Contemplate

Let’s discuss the concept of tariffs with a wider historical perspective:

The Bretton Woods system crafted at the end of World War II provided the U.S. 928 more words


Counter-intuitive Market Moves

How can the currency of an insolvent country appreciate against other currencies? One would think it is a very unwise idea to buy the Federal Reserve Notes, since they will be printed like confetti to pay for debt service and a monthly trade deficit of $75 billion (January 2018). 235 more words

Financial Markets

Canada's big six banks accused of rate-rigging in lawsuit

Nine large banks, including six from Canada (Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia and others), have been accused in a lawsuit of conspiring to rig a Canadian rate benchmark to improve profits from derivatives trading.   41 more words

In The News

(What's Left of) Our Economy: The Case for Keeping it Simple with China Trade Just Got Stronger

I haven’t been closely following the Labor Department’s import price data lately, and that’s been an oversight. As is clear from this morning’s figures (for August), they keep telling a fascinating and important tale about China’s ongoing manipulation of its currency and how it does and doesn’t impact U.S. 1,483 more words

{What's Left Of) Our Economy

Defining Currency Manipulation for Scott Sumner

A little over a week ago, Scott Sumner wrote a post complaining that I had not yet given him a definition of currency manipulation. That complaint was a little bit surprising to me, because I have been writing about currency manipulation off and on for almost five years already on this blog ( 2,155 more words

Scott Sumner