Reuters had an article yesterday about the rumors, and I too have heard about this over the past couple of months, that Beijing will raise subway prices. This topic is pretty specific and specialized compared to what I normally write about on this blog, but because a friend asked me to discuss the topic with […]
Read More…Archive for October, 2014
How to link Australian iron with Marine le Pen
After last week’s tumultuous markets one of my clients sent me an email saying “I am so relieved your constant talk about worsening imbalances kept us from getting too complacent. Things really are as bad as you keep saying.” I am not sure that what happened last week is proof of anything I’ve been saying, […]
Read More…Are we starting to see why its really the exorbitant “burden”
This may be excessively optimistic on my part, but there seems to be a slow change in the way the world thinks about reserve currencies. For a long time it was widely accepted that reserve currency status granted the provider of the currency substantial economic benefits. For much of my career I pretty much accepted […]
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