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Markets
The emerging markets crisis is not all about tapering
The global capital markets imploded in the second half of last week and investors spent the weekend contemplating the significance. The main focus was on the emerging markets, which were especially hard hit. Emerging market crisis have…
Argentina’s devaluation backfires
Back in early December the government of Argentina raised taxes on credit card purchases in foreign currency to 35% from 20%. Online Christmas shopping abroad became increasingly expensive. However, dollars continued to flow out of the…
Spain: The Market’s Darling
By Marc Chandler
We argue that part of the euro's rise over the past several months reflects a reassessment of Spain's outlook. Many global investors had been under-weight Europe though most of H1 13, favoring the US and Japanese…
Spain: The Market’s Darling
By Marc Chandler
We argue that part of the euro's rise over the past several months reflects a reassessment of Spain's outlook. Many global investors had been under-weight Europe though most of H1 13, favoring the US and Japanese equities.…
Currencies of natural resource exporters under pressure
Some of the largest natural resource exporters with floating exchange rates have seen their currencies come under significant pressure over the past year.
The Investment Climate in January 2014 in 7 Points
Here are seven themes Marc Chandler sees dominating the investment Climate from Fed tapering, to ECB reaction to disinflation to Australian and Canadian Dollars remaining out of favour.
Faber: We are in a Gigantic Financial Asset Bubble
Marc Faber, publisher of the Gloom, Boom & Doom Report, appeared on Bloomberg Television's "Street Smart" yesterday to discuss the impact of Fed policy on the global economy and his predictions for 2014. As you could imagine, he is…
The Fed is preparing markets for its reverse repo facility
The Fed's "full-allotment overnight reverse repurchase agreement facility" - a mechanism to control short-term rates - is no longer just an academic exercise. Given how dysfunctional the interbank market has become, using the fed funds…
When is a Bubble a Bubble?
Bubbles have become a major focus of discussion in today’s financial markets. But very few people actually define what they mean when describing this financial phenomenon.
Drivers for the week ahead: 13 Jan 2014
- At the risk of oversimplifying, there seems to be a single overriding driver of the global capital markets in the coming days
- The US real sector data, like retail sales, industrial production and housing starts, risk being on the soft…