petroyuan

Not A Paradox Nor A Conundrum: TICked at Powell

By |2019-07-17T17:04:15-04:00July 17th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It seems a paradox, at least like it is backwards. The financial media doesn’t help because good editorial standards rely upon the opinions and beliefs of credentialed people who have no idea what they are talking about. If you hold high office in some central bank, we are to assume you are competent about monetary [...]

Not Even PBOC Supports Yuan’s Reserve Role

By |2019-02-19T12:57:00-05:00February 19th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

China’s yuan just isn’t a stable currency. I don’t mean its exchange value, either. CNY floats up and down on the whims of the eurodollar. The PBOC can and does limit the daily trading band, but often at tremendous cost (ticking clock). Therefore, the internal constraint governing this dynamic is a symptom of a world [...]

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