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Bring on the “Currency war”
I have been giving the issue of devaluation a bit of attention recently. In my view most people fail to understand the monetary aspects of currency moves – both within a floating exchange rate regime...
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Chuck Norris just pushed S&P500 above 1400
Today S&P500 closed above 1400 for the first time since June 2008. Hence, the US stock market is now well above the levels when Lehman Brothers collapsed in October 2008. So in terms of the US...
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Guido Mantega be careful what you hope for
A friend wrote this on Facebook (I paraphrased it slightly): It’s a bit ironic that the large emerging markets countries, which complained about monetary easing in the US (Brazilian Finance Minister...
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The PBoC’s monetary supremacy over Brazil (but don’t blame the Chinese)
Brazilian Finance Minister Guido Mantega likes to blame the Federal Reserve (and the US in general) for most evils in the Brazilian economy and he has claimed that the fed has waged a ‘currency war’ on...
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