China Now Has Jerome Powell Behind The Eight Ball Thanks To ‘The Art Of The Deal’
Somewhere, Yi Gang is chuckling.
Somewhere, Yi Gang is chuckling.
Steve Mnuchin is in a tough spot.
Throw out the script.
“Tightening hurts all we have done.”
Donald Trump is locked and loaded, ok?
Wary eyes are being cast in the right direction.Â
“I think that both EM currencies (and EM assets in general) are responding to the same risks as DM risk assets, at least on the level of implied risk premia.”
Mind the implications of globalization and interconnected markets.
“The set up was poor, in hindsight.”
It was just a matter of time.Â
Let’s hope there’s a Twitter war between Trump and Musk.
“…details of the trip weren’t immediately available.”
“…companies and shareholders are adamantly confident of listed companies’ operations, profitability and growth prospects.”
Or “burns” – whichever.
Duck, duck, swan.
Not throwing in the towel – not even close.
“Crossing the Rubicon”.
“With regard to the medium-term outlook for monetary policy, participants generally judged that, with the economy already very strong and inflation expected to run at 2 percent on a sustained basis over the medium term, it would likely be appropriate to continue gradually raising the target range for the federal funds rate to a setting that was at or somewhat above their estimates of its longer-run level by 2019 or 2020.”
“And with the Fed heading decisively in the opposite direction, is it any wonder the renminbi slumped in June?”
“Things are getting quite exciting.”
“… a riddle, wrapped in a mystery, inside an enigma.”
“Escalating global trade tensions bring a risk of demand destruction across commodity markets.”
Let’s just say Chinese stocks did not start July on a positive note.
Fireworks.
Remember January?
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