Search Results for: emerging markets
Currencies threatened by a credit crisis
February 15th, 2019
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, ...
Bears return as European stocks see second-worst exit on record
February 15th, 2019
The region’s equity funds experienced their second-largest outflows on record in the week through Feb. 13, bleeding $5.9 billion, according to Bank of America Merrill Lynch’s note, which cited EPFR Global data. Investors continued fleeing developed-market equity funds, including ...
Trade wars – a catalyst for economic crisis
February 1st, 2019
In my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings ...
The Tragedy Of The Euro
January 11th, 2019
After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The ...
Latam currencies mixed; The dollar weakened
January 8th, 2019
Latin American currencies were mixed against a soft dollar on Monday, while stocks barring Brazil’s Bovespa rose, on a day when global equities were buoyed on optimism over the resumption of U.S.-China trade talks. The dollar weakened, pressured by ...
Stocks across Asia kicked off the week with strong gains; Events investors focus on this week
January 7th, 2019
Stocks across Asia kicked off the week with strong gains after soothing Federal Reserve comments and an easing of monetary policy in China stoked a renewed appetite for risk assets. The dollar fell to the lowest in more than ...
The world’s biggest hedge fund is getting whacked, and why “Moneyness” matters
December 12th, 2018
A few years ago the Swiss National Bank (SNB) – which traditionally held “monetary assets” like government bonds, cash and gold to back up the Swiss franc — decided to branch out into common stocks. This was a ...
Most LatAm currencies rise after Monday dive
November 28th, 2018
A strong dollar and trade worries did little to dent most Latin American currencies as domestic factors helped them recoup from last session’s heavy losses, with Brazil’s real ending a six-day losing run. The real firmed 1.7 percent and ...
The dollar held broad gains; Currency traders are looking to the upcoming G-20 meeting
November 26th, 2018
The dollar held broad gains on Monday as investors sought shelter in the world’s most liquid currency on fears of a slowdown in global economic growth and as U.S.-Sino trade tensions sapped risk appetite. The greenback, considered a safe ...
LatAm stocks, currencies down as tepid investor appetite weighs
November 21st, 2018
Latin American currencies and stocks extended losses on Tuesday, swept up in a global sell-off fueled by concerns of slowing global growth and investors pivoting toward safer assets in the developed world. MSCI’s indexes of Latin America stocks and ...
