Column: Dollar surge both symptom and catalyst of world slowdown
A surging U.S. dollar signals for some the clearest sign of an ebbing money tide and an abrupt slowdown of the world economy over the remainder of 2021 at least.
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A surging U.S. dollar signals for some the clearest sign of an ebbing money tide and an abrupt slowdown of the world economy over the remainder of 2021 at least.
Sharing is Caring! What is driving the US bond market lower? #China ? Daily Chinese #economic momentum skidding pic.twitter.com/oEY6YQOe7s ask act@liquidity.com for reports RRP collateral cannot be repledged, so its not even really boosting effective (read: reusable) collateral in the system anyway. The OFR collects some data showing the RRP facility is 95% MMFs. Bank earnings this week (JPM tomorrow) are expected to be lackluster. Among the factors weighing on earnings are falling bond yields and SPAC implosion. Another key factor is collapsed market volumes in Q2. The irony can't be overloo...
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Global liquidity is shrinking and that’s no bad thing After a year of record-breaking cash injections, the world’s big central banks are starting to ease off the stimulus pedal, forcing economies and financial markets to practise walking on their own again. Not everyone is dismayed at the prospect. Since March 2020, central banks and governments have flooded markets with some $27 trillion – a third of global gross domestic product, consultancy CrossBorder Capital estimates. Since then, world stocks have surged 85%, economic growth is rebounding from last year’s pandemic-inflicted deva...
After a year of record-breaking cash injections, the world's big central banks are starting to ease off the stimulus pedal, forcing economies and financial markets to practise walking on their own again.