My comment from earlier this week on SNB and Denmark’s Nationalbank pegs decisions (link to press article to be updated later):There are two truths about currency pegs.The first one is that no Central Bank is an island. In other words, all pe…
The New York Times’ coverage of the eurozone crisis remains execrable. Sometimes, however, it is so bad that it achieves brilliant, albeit unintentional self-parody.
The Post‘s latest missive on behalf of the TPP stumbled practically out of the gate.
In 2014, Central Bank of Russia spent USD83 billion on currency interventions, against total drawdown of USD124 billion in foreign reserves held.
A neat chart from Pictet showing balancesheet comparatives for ECB and the Fed.Setting timing issues aside (which are non-trivial), the quantum of ECB balancesheet expansion planned is still too weak and it is too weak relative to previous peak. T…
Saudi King Abdullah bin Abdulaziz passed away late Thursday at age 90 after a short illness. His death triggered the biggest challenge to the Saudi dynasty in 50 years…
Did the Onion hack Bloomberg’s website? Or perhaps it was Charlie Hebdo and The Strawman Collective. Surely only a prankster could write the following with a straight face: On the surface, everything getting cheaper sounds like a dream come true. It’s not. The prospect is so terrifying that it’s prompted central bankers around the industrialized…
Narcissistic, self-obsessed, publicity equivalent of the Maybach Exelero and about as useful for its stated purposes too
On top of downgrades by the rating agencies, Russia also got downgraded by the host of international agencies
The Federal Reserve’s 3rd round of quantitative easing (aka, QE3) has not produced the desired effects since it was announced in September 2012.
