Recent Posts

Wake up, UK! You need EU workers post-Brexit

It’s been an unsettling couple of years for an estimated over 3.5 million European Union (EU) nationals who live and work in the UK. They’ve been victims of attacks, pawns in the Brexit negotiations and, more recently, an afterthought as an army of civil servants and consultants map out contingency plans for various Brexit scenarios. None of that augurs well ...

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China fights the wrong yuan battle

As the US dollar hits highs for the year, the People’s Bank of China (PBOC) seems determined to hold the value of the yuan at seven to one, or stronger. This barrier holds little technical significance, but its psychological value and the central bank’s interest in holding the line are enormous. While it’s difficult to confirm, there’s strong evidence that ...

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The Bank of Japan is too focused on 2 percent

For the Bank of Japan (BOJ), failure can be an opportunity. Judging from the latest economic forecasts, the central bank is falling even farther behind on meeting its 2 percent inflation target. Meanwhile, its efforts to keep interest rates down are bringing the bond market to the verge of a coma. So great is the BOJ’s buying to support its ...

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