Posts Tagged ‘YEN/YUAN’
January 16, 2018
On Tuesday, Rick Santelli and I spoke, and, as usual it was way too short as we couldn’t cover anything in the depth we would’ve liked. Regardless, it allows us to get out front of many investment ideas. Rick has a stable of high quality guests: Bianco, Boockvar, Biderman, Trichet, Lazear … the list goes on and sometimes I wish my readers would let CNBC know how important Rick is for a larger discussion about ideas besides the most recent Apple price and latest Trump tweets.
Click on the image to watch me and Rick discuss the euro and the central banks.
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Tags:Bank of Canada, Euro/Yen, Rick Santelli, SNB, Thomas Jordan, YEN/YUAN
Posted in BOC, Currency, Japan | 38 Comments »
May 22, 2016
In the past I have criticized the CNBC tagline, “Live From The Most Powerful City In the World, New York.” I find it arrogant and devoid of any perspective. What makes a city powerful? In some sense I suppose it’s the ability to make and shape events around the globe. Wall Street may be a powerful money center but so is London and from a political and monetary sense Beijing has catapulted itself a spot among the most influential. Friday morning I did an interview with Gordon Long of the Financial Repression Authority, a must visit site for its archive of discussions on global macro issues. We were discussing the role of China in affecting U.S. monetary policy. Gordon Long has discussed the idea of an agreement reached in February at the G-20 meeting in Shanghai about an ACCORD to keep the U.S. dollar stable to weak in an effort to prevent the Chinese from actively pursuing a weaker YUAN for when the DOLLAR RALLIES THE YUAN IS ALSO PUSHED HIGHER AGAINST A BASKET OF DEVELOPED MARKET CURRENCIES AND CERTAINLY AGAINST OTHER EMERGING MARKET FX.
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Tags:Brexit, China, Fed, G-7, Janet Yellen, Japan, U.S. Dollar, U.S. Treasury, YEN/YUAN
Posted in China, Fed, G-7, Japan | 11 Comments »
December 20, 2015
Dateline Japan: When the BOJ released its policy decision in the wee hours of December 18, the algos interpreted the news as an expansion of monetary stimulus and assumed it was the QQE program. In the press conference, BOJ Governor Kuroda explained that the extension was not an additional easing but merely an extension of bond duration that the BOJ would buy. Because there’s a dearth of bonds available for purchase, the BOJ is extending purchases to include those of 12 years in length.
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Tags:Abe, BOJ, BTPs, Bunds, Dollar/Yen, ECB, Euro, Fed, Janet Yellen, Kuroda, Mario Draghi, Nikkei, oats, Podemos, QQE, Spain, SPS, U.S. Dollar, YEN/YUAN
Posted in BoJ, Central Banks, Currency, Spain | 5 Comments »
February 4, 2015
We are in a period of great political uncertainty. The Greek election is a wake-up call for all the established elites and their sycophants who drink high-priced alcohol to celebrate every new IPO and record high made in global equity indices. The recent victory of Syriza is a call to arms by citizens that have grown tired of broken promises and inept leadership. Fringe parties achieving electoral success in a very short period of time is a critical sign of electorates moving away from the establishment as record-high unemployment has continued for several years and the continued pain of austerity has rendered the European middle class a group without hope. The leaders of Syriza have promised the Greek people that they would throw off the burden of massive debt payments while being enslaved to a policy of FISCAL CONTRACTION.
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Tags:ECB, EU, EUR/CHF, Europe, Greece, technocrats, YEN/YUAN
Posted in Currency, ECB, Europe, Greece | 5 Comments »