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 , , , , | Leave a comment

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 , , , , , , | Leave a comment