Discover and read the best of Twitter Threads about #CurrencyWars
Most recents (3)
It seems that #Zoltan has been quite busy lately!
The newest, already 5th part of his "War"-series, was published on January 6th.
In this little #thread i've summarized some of the highlights of his piece "War and Peace:
🧵
The newest, already 5th part of his "War"-series, was published on January 6th.
In this little #thread i've summarized some of the highlights of his piece "War and Peace:
🧵
"... four “war” dispatches last year: War and Interest Rates, War and Industrial Policy, War and Commodity Encumbrance, and finally, War and Currency Statecraft. In these, I identified six fronts (..) in “macro-land” () where Great Powers were going “at it” in 2022:
"the G7’s financial blockade of Russia, Russia’s energy blockade of the EU, the U.S.’s technology blockade of China, China’s naval blockade of Taiwan, the U.S.’s “blockade” of the EU’s EV sector with the Inflation Reduction Act,
Few major headlines recently seem to be connected;
- #Greensill #Cameron #Softbank #Wirecard #Fintech
- #Bitcoin #Coinbase #Crypto #NFTs
- #Ant #JackMa #China #BeltandRoad
- New opportunities & Race to 'be first' in the new era
🇺🇸💪🇨🇳 💰🌏🌎🌍
- #GeoPolitics
- #disruption
🙄🤔
- #Greensill #Cameron #Softbank #Wirecard #Fintech
- #Bitcoin #Coinbase #Crypto #NFTs
- #Ant #JackMa #China #BeltandRoad
- New opportunities & Race to 'be first' in the new era
🇺🇸💪🇨🇳 💰🌏🌎🌍
- #GeoPolitics
- #disruption
🙄🤔
China fix 6.9996, a bit weaker than expected & the CNH bounced a bit. This is fun. If a currency needs a daily fix & the fix depends on both a formula & a "counter cyclical factor", basically whatever policy mandate, & FX can only be +-2%, & the PBOC says it's "managed" then...
@Trinhnomics said SK in particular was caught in the “crossfire” of the escalating US-China trade tension. “As Chinese demand declines, Korean exporters feel the pain of the trade war most acutely & why the Korean won has depreciated much more than the CNH
ft.com/content/f4fb96…
ft.com/content/f4fb96…
“We expect Asian central banks to keep easy monetary policy as economies remain weak,”said @Trinhnomics . China’s decision to let the yuan tumble adds “new headaches” for the region’s policy makers & forecasting rate cuts in India, the Philippines...
bloomberg.com/news/articles/…
bloomberg.com/news/articles/…
