Dr. Rasmus reviews the US central bank’s decision this past week to raise rates, with three more hikes coming in 2017 (and more after in 2018-19).
Why The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Thinks
Last weekend, we explained why it really all comes down to the death of the petrodollar. China’s transition to a new currency regime was supposed to represent a move towards a greater role for the market in determining the exchange rate for the yuan. That’s not exactly what happened. As BNP’s Mole Hau hilariously described it last week, “whereas the daily fix …
“Core Inflation In The US Would Be Just As Low As In The Eurozone If Measured On The Same Basis”
Anyone with a pulse knows that Europe is stuck in a downturn worse than the Great Depression. Most think that the U.S. has fared better … but that is debatable. Mega-bank Société Générale’s strategist Albert Edwards notes: “Core Inflation in the US would be just as low as in the eurozone if measured on the same basis, despite the US having enjoyed much …