Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold by Wolf Richter • Mar 31, 2025 • 109 Comments The surge of the “nontraditional reserve currencies.”
Who Holds the Ballooning US Government Debt, even as the Fed and Foreign Holders Unloaded Treasury Securities in Q4? by Wolf Richter • Mar 18, 2025 • 59 Comments An increasingly important question in iffy times. Here are the holders as of Q4, who dumped, who bought.
ECB Faces a Problem: Euro Area Services Inflation Stuck at 4.0% for 13th Month. CPI Accelerates Further, as Energy & Durable Goods Stopped Plunging by Wolf Richter • Jan 17, 2025 • 21 Comments Inflation far from over. ECB risks throwing fuel on top of it.
“Bond Market Rout” in the UK (like in the US) Only Pushes the 10-Year Yield into Low End of Old Normal after Many Years of Interest Rate Repression by Wolf Richter • Jan 9, 2025 • 126 Comments A normal cost of capital is a form of much-needed discipline for governments and investors, after years of free money turned their brains to mush.
Global Stocks over the Long Term: the S&P 500, the Big Standout vs the Markets of Japan, China, Hong Kong, India, UK, France, Germany, Italy, Spain, and Canada by Wolf Richter • Jan 1, 2025 • 53 Comments And how the decline of the yen and rupee impacted USD investors in Japanese & Indian stocks.
The ECB Steps Away from Bond Market Entirely, Speeds Up Bond QT even as it Cut Rates by Wolf Richter • Dec 13, 2024 • 23 Comments It already reduced its balance sheet by €2.48 trillion and completed its loan QT to near-zero.
US Dollar Crushes Euro, Yen, Canadian Dollar, other Currencies as Fed Backpedals on Pace of Rate Cuts by Wolf Richter • Nov 22, 2024 • 64 Comments Amid renewed inflation worries and above-average economic growth.
ECB’s Own Measure of Wage Increases Blows Fuse, Sets Off Alarms about Stubbornly Hot Services Inflation by Wolf Richter • Nov 20, 2024 • 57 Comments Meanwhile, the ECB’s QT marches on, balance sheet has shed €2.45 trillion since the peak, or 59% of its pandemic QE.
US Treasury Debt Held by Foreign Investors: Ravenous Appetite for Juicy Yields, Juicy Compared to their Stuff at Home by Wolf Richter • Nov 18, 2024 • 79 Comments Will foreign investors buy the Recklessly Ballooning US Debt? Increasingly crucial question. But yield solves demand problems.
Which Foreign Countries Bought the Recklessly Ballooning US Debt: An Increasingly Crucial Question. Many Piled it up. Cleanest Dirty Shirt? by Wolf Richter • Oct 19, 2024 • 114 Comments Foreign investors had a big appetite all year for Treasury securities. But China lost interest, Japan struggled with the yen.
