Tag Archives: foreign exchange
Fighting the Suck in China
Old records are being broken. New records are being notched. On Monday, for example, the People’s Bank of China reported a record liquidation of foreign exchange reserves occurred in November. Specifically, China’s foreign exchange reserves declined $87.22 billion in November … Continue reading
Posted in Government Debt, MN Gordon
Tagged china, foreign exchange, wealth exodus, yuan, yuan devaluation
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A Modest Alternative to Monkeying with Currency Markets
Late last week, while many were busy paying tribute to their Irish brethren with good cheer and libations, the Group of Seven (G-7) nations were busy monkeying around in foreign exchange markets with their first coordinated intervention in over 10 … Continue reading
Posted in Economy, MN Gordon
Tagged bank of japan, currency, federal reserve, foreign exchange, government action, government meddling, Nikkei 225
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