“An unforeseen crisis.” Other headwinds intensify too
US-China trade war, falling business confidence, slowdown in China, German exports, and new: the temporary shutdown of Hong Kong’s airport, the largest cargo hub in the world.
If the US dollar loses its hegemony as a global reserve currency, it would be a sea change globally, and specifically for the US economy. Today, we got the next installment in that saga.
Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.”
And these are still the good times, with growing passenger traffic.
Rescue deal fell through at the last moment. China’s Fosun and other shareholders are toast. Creditors get to fight over the debris.
A gigantic spike in three years. The UK dominates.
The Fed has different priorities than the ECB, the Bank of Japan, the Swiss National Bank, et al.
Ginormous numbers, FX swaps and spot trades, USD, EUR, JPY, GBP, Australian & Canadian dollars… but where the heck is China’s CNY?
The 10-year Treasury yield rips. Unstoppable negative yields become stoppable.