Presenting, The Dollar Intervention Delusion
Why intervention won’t (and can’t) work.
Why intervention won’t (and can’t) work.
We are now squarely in the throes of a global currency war.
Tellingly, the meeting was not included on Trump’s public schedule.
With the Fed likely to indicate that any rate cuts are a relatively distant prospect
The “dollar wrecking ball” is back. If you didn’t know better, you’d be inclined to
I’d apologize for spending so much time on China’s multi-faceted, rapidly worsening economic crisis if
FX traders are once again on yen intervention watch. The Japanese currency on Wednesday weakened
Last month was especially cruel to equities. September lived up to its nefarious seasonal reputation.
September 28, 2022, was the day central banks were forced back into intervention mode. For
Market chatter around the prospect of a global accord aimed at halting the dollar’s inexorable
In the aftermath of Jerome Powell’s overtly hawkish address in Jackson Hole, markets are compelled
In case you were curious…
“The TRILLION DOLLAR QUESTION today is this”…
Not today, but who knows, right?
“If we don’t that’s fine, if we do that’s fine”.
“A provocation”.
“Over a long-term period” being the key phrase.
“And around she goes, where she stops nobody knows”.
“A low but rising risk”.
Get ready Steve Mnuchin, you’re about to be in charge of perpetrating an all-out currency war.
“So what can he do about it”?
The White House worries America will “continue to be the dummies”.
Long live the king?
“…this war has turned into a financial war.”
Chess versus checkers.
Never a dull moment for the greatest show on Earth.
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