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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label EM currencies. Show all posts
Showing posts with label EM currencies. Show all posts
Wednesday, March 30, 2016

Yellen Dovishness Sends Emerging Market Currencies, Philippine Peso Soaring!

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When central banks go on a panic mode, like Pavlov's dogs, casino gamblers take this as a cue, or as conditioned stimulus, to engage in...
Thursday, November 13, 2014

Periphery to the Core Dynamic: Weak EM Currencies equals Underperforming Stock Markets

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I’ve written about how weak Asian currencies are most likely to be transmitted into asset markets .  The theoretical underpinnings have...
Sunday, February 22, 2009

Central And Eastern Europe’s “Sudden Stop” Fuels US Dollar Rally

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``Big government reforms, bailouts, stimulus, and “change" in general create negative expectations of the future along with a great dea...
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