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Plunging Lira, Deutsche Bank News, Japan-Korea Spat Make For Inauspicious Start To Crucial Week

None of this sets a particularly upbeat tone.

None of this sets a particularly upbeat tone.
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3 comments on “Plunging Lira, Deutsche Bank News, Japan-Korea Spat Make For Inauspicious Start To Crucial Week

  1. Erdogan clearly is unhinged. That said, while it may not be the case that rate cuts bring down inflation, there is quite a bit of anecdotal evidence to suggest that other forms of financial repression (QE) may be deflationary.

  2. Harvey Darrow Cotton

    Amateur move. What the real gangsters do is strip away anything with price volatility in your basket of goods so you have a core core inflation rate that is persistently subdued. Then, when one-fifth of your population has negative wealth, and median household debts blow up somehow despite stable wages and low unemployment, to the point where you have declining life expectancy and are riven with competing left- and right-wing populist movements, you point to an index and proclaim how stable prices are and THEN cut rates.

  3. Hearing about counterparty risk emanating out from DB problems. Stay tuned.

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