Guys!!!! Good morning!!! Go buy the print version of the @FT today ๐ค๐คท๐ปโโ๏ธ! Somebody u know is in it ๐๐ปโโ๏ธ๐๐ปโโ๏ธ๐๐ปโโ๏ธ๐๐ค๐๐ง ๐ฐ ๐ ๐๐ป๐๐ป๐๐ป๐๐ป
https://twitter.com/bmclannahan/status/1239580134547623938
Good morning from Hong Kong ๐ญ๐ฐ ๐๐ป๐๐ป๐๐ป๐๐๐ ๐ค๐ฐ
ft.com/content/37f0e8โฆ
ft.com/content/37f0e8โฆ
And leaders are starting to drop the F bomb - FISCAL ๐๐ป:
New Zealand announces virus package worth 4% of GDP ๐ณ๐ฟ๐๐ฎ๐๐ฅ.
New Zealand announces virus package worth 4% of GDP ๐ณ๐ฟ๐๐ฎ๐๐ฅ.
During GFC, China spent 9.7% of GDP and so the equivalent of that today would have to be USD1.4trn.
Yep, the F bomb is going to be dropped everywhere, starting w/ New Zealand (other economies did tiny lil ones, as terms of share of GDP)๐ณ๐ฟ๐๐ฎ๐๐ฅ๐ฅ๐ฅ๐ฅ
Yep, the F bomb is going to be dropped everywhere, starting w/ New Zealand (other economies did tiny lil ones, as terms of share of GDP)๐ณ๐ฟ๐๐ฎ๐๐ฅ๐ฅ๐ฅ๐ฅ
The Philippines not only closes its stock market but also now suspends FX trading from today.
That's one way to deal w/ the liquidity issue ๐ฌ๐๐ป.
That's one way to deal w/ the liquidity issue ๐ฌ๐๐ป.
Got dollars??? The fed may have supplied markets w/ cheap USD & also extended swap lines to developed markets but emerging markets need more access to the dollar!!!
"The supply of liquidity by CBs is beneficial only to those who can access it," said @Trinhnomics in the @FT ๐๐ป๐ฌ
"The supply of liquidity by CBs is beneficial only to those who can access it," said @Trinhnomics in the @FT ๐๐ป๐ฌ
Credit squeeze is getting to the IDR (Indonesian rupiah) as it got plenty of dollar debt & funds itself via portfolio investment. This is an opportunity for Jokowi to implement deep reforms!!! It needs stick flows. No way to fund a national development strategy w/ volatile flows!
The great rebalancing - Australians living more within their means. As the AUD weakens (most in Asia & will squeeze imports & help exports), the current account is turning from a negative to positive one.
So FX is a great absorber, well, unless u committed the original sin ๐ฌ๐ฌ
So FX is a great absorber, well, unless u committed the original sin ๐ฌ๐ฌ
โข โข โข
Missing some Tweet in this thread? You can try to
force a refresh
ใ
