banco do brasil

Repeating The Worst Parts of 2014, EM Version

By |2019-01-29T13:10:51-05:00January 29th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

As Argentina’s peso careened toward oblivion, the country’s government begged IMF officials for more money. The organization in June 2018 had already agreed to a bailout expected to total more than $50 billion over three years, the largest in the fund's history. But it wasn’t working, and as the currency crisis accelerated toward the end [...]

China, Brazil, Nightmare Swaps, and More About December (and what it may mean)

By |2019-01-23T12:32:21-05:00January 23rd, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Central bankers will often tell you exactly what you want to know, at least when it comes to their intentions. You can first begin by reading Milton Friedman and Anna Schwartz’s 1963 monetary bible A Monetary History. It’s all in there. From it, central banks all over the world have devised technical schemes intended to [...]