Tag: renminbi

Soap Bubble
Financial Markets
Chris MacIntosh

The Anatomy of a Carry Trade Bubble

Last week I discussed some very important things, not the least of which was how to get rock hard abs. Equally as important is how asymmetry builds in nature and in financial markets. Today I wanted to continue the discussion. A question posed by a reader prompted me to think about

Read More »

This WILL Happen!

All pegs break! Capital flows have shifted. They are heading from the periphery back to the core. It’s a rotten core but it’s the only core we have. That core for the time being is the greenback. It is happening in fits and starts but across almost every currency cross

Read More »

When Volatility and Debt Collide

A question to begin today’s discussion… Which is riskier: corporate or public debt? If I lend $1,000 to my neighbour and take his bicycle worth $1,000 as collateral, which is what pawn brokers do, I have a quantifiable risk. I also have collateral which I can trust. I can see, feel

Read More »