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Patrick Reid is the 5ft 4in businessman who says his height is his superpower

Patrick Reid is the 5ft 4in businessman who says his height is his superpower
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No matter what the outcome of the RBA I see AUDUSD failing and going lower

Australian inflation reached 7.8% in January, rising even more than in October and earlier in January (7.3%). Next week RBA decides on the interest and accordin

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BBCNEWS World Business Report June 4, 2024 04:37:00

of the summer which would be the lowest since 1985. patrick reid is co founder of the adamis principle, a foreign exchange consultancy based in london. good morning to you. remind our viewers why this is important, why a strong currency is good for an economy? it why a strong currency is good for an economy? for an economy? it attracts business. for an economy? it attracts business, it for an economy? it attracts business, it attracts - for an economy? it attracts business, it attracts flows, | business, it attracts flows, and it brings up the power of wealth. it sjust and it brings up the power of wealth. it s just a and it brings up the power of wealth. it sjust a really and it brings up the power of wealth. it s just a really good thing, but not too much, and what we are seeing with sterling, as no one wants it, there is a fundamental lack of belief in the economy. you have got this toxic mix of dire forecasts in the economic growth, you have exploding inflation which if you

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BBCNEWS World Business Report June 4, 2024 04:35:00

davosis will say is george soros in davos is basically saying it is the end of civilisation stop i wouldn t really go that far, but one thing i would say is blackrock of this world who had invested before, they may be big, but they are not stupid. we hope not, patrick. thank you very much, the co founder of the adams principle. adamis principle. the global energy sector has been shaken to its core by russia s invasion of ukraine. with an expected eu ban on russian oil to be announced imminently, experts say countries are turning back to fossil fuels to make up for the shortfall. g7 climate and energy ministers are meeting in germany today in a bid to marry up the idea of a sustainable planet with the impact the war in ukraine is having on oil and gas. joining me now is dr charles donovan, the visiting professor of sustainable finance, at the university of washington. thank you so much forjoining us. are we witnessing a blip or long term setback

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BBCNEWS World Business Report June 4, 2024 04:31:00

in a move that could push the country closer to default. the treasury department said it would end a waiver that had allowed us bondholders to accept payments. russia has almost $2 billion worth of payments on its international bonds that will be due up to the end of the year. joining me now is patrick reid, co founder of the adamis principle. i guess the place to start with this is how close it will bring russia to default in common what would happen if it does? thank you for having me on. it isjust another nail thank you for having me on. it is just another nail in the russian economy, and we cannot underestimate the consequences and dangers of a default. it is not quite like 1998, but it is not quite like 1998, but it is not very good for russia long term. now, a ten year yield on a russian bond will get you about 10% right now.

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