Sanguine economists claim that forex traders are over-reacting about contagion dangers. Currency and bond trends indicate otherwise
The Turkish financial crisis exacerbates an emerging market foreign debt problem that has been brewing for some time.
On the face of it, … Read the rest
The risk comes from the potential rise in the US dollar against Asian currencies. Emerging nation borrowers will be squeezed
FOREIGN currency borrowing of Asian governments and corporations has soared to new heights, helping finance companies and boosting growth.
But … Read the rest
Markets have ignored the impact of drought on inflation, bond yields and equities
Key agricultural commodity prices could cause an unexpected spike in US, European and Asian producer and consumer inflation. The key question is to what extent?
If indeed … Read the rest
Update: The key question is whether Italy’s populist government will eventually exit from the eurozone & precipitate a financial crisis.
Be wary of Italy’s bond and stock market relief rally following former academic Giuseppe Conte appointment as prime minister of … Read the rest