Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?
“The tide is going out and investors are starting to worry about which EM economies have been swimming naked.”
Despite repeated speeches to the contrary.
Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on.
Treasury yield curve survives rate hike upright. Yield curves steepen in China, Japan & Germany. Era of NIRP scheduled to end.
And why are Bank of Mexico executives and employees resigning in droves?
China, Japan, other foreign investors, the Fed, US government funds? Nope.
“Substantial Increase in the Risk of a Downside Scenario”: Moody’s
How does it compare to German, Japanese, and Chinese yield curves?
What will the Bank of Canada do?