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Edward Harrison: Credit Writedowns

The Yuan’s Reserve Currency Status

By Marc Chandler (this post first appeared on Marc to Market) There is nothing quite like a falling dollar to spur take of the erosion of the greenback’s reserve status.  There has been talk for several months that China is preparing in yuan-denominated oil contract (with an embedded gold option).  It has not been launched yet, but some observers see it as a blow to the dollar’s role. We are...

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Accommodative Officials and Synchronized Upturn Drive Markets

By Marc Chandler (originally posted at Marc to Market) The investment climate is being shaped by two powerful forces.  First is the very accommodative policy stance. This includes the United States, where despite delivering the fifth rate hike in the cycle, adjusted by headline CPI, remains negative. As the balance sheet has begun being reduced, financial conditions in the US are easier now...

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Italian Election–Two Months and Counting

By Marc Chandler (originally published at Marc to Market) Germany does not have a government, though the election was more than three months ago.  Spain, Portugal, and Ireland have minority government.  Austria is the first government since the financial crisis to include the populist right.  The EU is trying to press Visegrad group of central European countries to conform to the values of...

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BBH’s Marc Chandler Calls Bitcoin ‘Inefficient’

BBH's Marc Chandler Calls Bitcoin 'Inefficient' Step 1 : Join Here https://bitconnect.co/?ref=Iamphresh Step 2 : Get $10 worth of Bitcoin for when you set up your coinbase wallet https://www.coinbase.com/join/565b924e8ace924dd4000001 Step : 3 Connect your coinbase to bank account or fund with your card to buy bitcoins Step 4 :https://www.youtube.com/watch?v=T_Qkh1jgfZg watch step by step video on how to send bitcoins to bitconnect backoffice and then buy bcc and do your first loan...

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Brexit was a cry of financial pain and not the influence of the old

Originally published on 17 October 2017 at Vox By Federica Liberini, Andrew Oswald, Eugenio Proto, Michela Redoano There is a very wide debate on the determinants of the vote by British citizens to leave the EU. In particular, the idea that this vote reflects discontent and disillusionment has been widely discussed in the UK and European media. Furthermore, large numbers of newspaper and TV...

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