eurodollar standard

Transmission of (euro)Dollar Disease Back Through Beijing To The Rest Of The World

By Jeffrey P. Snider|2022-02-11T19:43:23-05:00February 11th, 2022|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Everyone was really confused. China was the unstoppable monster, the economic powerhouse that had quite easily, it seemed, survived the Great “Recession” with barely a scratch. Its ascent to the dominant world position had been written long ago in stone, carved macro graffiti left in place especially as the so-called developed world struggled mightily after 2009.The Chinese were widely thought [...]

What If CNY’s Backdoor Still Isn’t A Big Enough Exit?

China’s currency had been on fire for seven months straight. Rising nearly in a straight line, from May 27 last year until very early January this year, CNY had gone from a certain plunge into the devastating monetary abyss (unintentional devaluation) to a significant basis for Xi Jinping’s global boasting. This was no ordinary turnaround.The timing of it speaks initially [...]

Transmission of (euro)Dollar Disease Back Through Beijing To The Rest Of The World

What If CNY’s Backdoor Still Isn’t A Big Enough Exit?

Stay In Touch

Contact