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RichardbBrunner

Tag Archives: Economy

Reserve Currency part 2

22 Tuesday Mar 2022

Posted by RichardB in China, Economics, Economy, news, Politics, Uncategorized

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China, China and Russia form a new economic block, Economy, reserve currency

Before the yuan can become a global currency, it must first be successful as a reserve currency. That would give China the following benefits:

The yuan would be used to price more international contracts. China exports a lot of commodities that are traditionally priced in U.S. dollars. If they were priced in yuan, China would not have to worry so much about the dollar’s value.
All central banks would have to hold yuan as part of their foreign exchange reserves. The yuan would be in higher demand. That would lower interest rates for bonds denominated in yuan.
Chinese exporters would have lower borrowing costs.
China would have more economic clout in relation to the United States.
It would support President Jinping’s economic reforms.

China is working hard to make the yuan the next global currency. Although presently a reserve currency, the yuan can’t upstage the U.S. dollar unless the following scenarios happen:

Central banks around the world choose to keep a total of at least $700 billion worth of yuan in foreign exchange reserves.
The People’s Bank of China (PBOC) allows free trade of the yuan and relaxes its peg to the U.S. dollar.
The PBOC becomes straightforward about its future intentions with the yuan.
China’s financial markets turn transparent.
Chinese monetary policies are perceived as stable.
The yuan acquires the U.S. dollar’s reputation of stability, which is backed by the enormity and liquidity of U.S. Treasurys.

The Big Brexit Short

23 Friday Jul 2021

Posted by RichardB in Economics, news, Politics

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banking scandals, Economy, money

On the night of the Brexit referendum the British pound went into free fall, but while many watched with horror, a handful of hedge funds were making staggering profits. This is the story of the Brexit Big Short. Featuring Bloomberg writers Cam Simpson, Gavin Finch, and Kit Chellel.

The China Economic Risk Matrix: Pinpointing the Dangers in China’s Financial System

25 Friday Sep 2020

Posted by RichardB in Economics, Economy, news

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China, CSIS, Economy

CSIS: The China Economic Risk Matrix, written by the Trustee Chair in Chinese Business and Economics’ non-resident senior associate Daniel Rosen, non-resident adjunct fellow Logan Wright, and Associate Director of the China Projects team at Rhodium Group, Lauren Gloudeman. Despite rising inefficiency, China’s financial system has served as the shock absorber that has helped China’s economy recover from the virus outbreak and maintain growth. But the same elements that have driven China’s recovery have also pushed China’s financial system deep into a gauntlet of systemic financial risks. The China Economic Risk Matrix is the combination of indicators of financial vulnerability that threaten to overwhelm Beijing’s policy tools to manage them, along with a novel, China-specific financial stress indicator. Building on the earlier CSIS volume, Credit and Credibility, this report explores the specific conditions and markets in which changes in government credibility can have a significant impact on systemic stability in China.

America’s Jobs Recovery |Public Debt

13 Sunday Sep 2020

Posted by RichardB in Economics, Economy, news

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Economy, news

The U.S. unemployment rate shot up faster than in any other developed country during the pandemic. WSJ explains how differences in government aid and labor-market structures can help predict how and where jobs might recover.

The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now.

The U.S. Economy: Paul Krugman

31 Friday Jul 2020

Posted by RichardB in Economics, Economy

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Economy, news

Economy Disrupted: Challenges and Change at Home and Abroad

28 Tuesday Jul 2020

Posted by RichardB in Economics, Economy

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challenge, Economy

Stockmarket v economy: the impact of covid-19 | The Economist

19 Sunday Jul 2020

Posted by RichardB in Economics, Economy, news

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covid-19, Economy, Stockmarket

U.S. Economy Grew by 2.3%

26 Saturday Jan 2019

Posted by RichardB in Economy, global, news

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Economy, GDP, news

The economy grew at an annual rate of 2.3 percent in the first quarter, the government reported Friday, offering a preliminary glance at how last year’s sweeping package of tax cuts is affecting consumers and businesses this year.

During the first three months of 2018, the economy was whacked around like a pinball. The stock market took investors on a giddy ride. President Trump imposed tariffs on allies and rivals alike, stoking fears of a trade war. And the revamped tax code shifted business incentives and started to put more money in workers’ paychecks.111gdp1q18_adv_chart

Still, the economy ended up puttering along just a bit above the average yearly growth rate that it had registered since the recession ended nearly nine years ago.

Read More:
https://www.nytimes.com/2018/04/27/business/economy/gdp-economy.html

https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

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