Recent Posts

Whatever happens in Macau, stays in Macau

What a difference a few time zones make. Shares in Wynn Resorts Ltd. fell 10.1 percent in the US on Friday after the Wall Street Journal reported that dozens of former employees had alleged sexual misconduct by the group’s founder and Chief Executive Officer Steve Wynn. Investors in Hong Kong were far less concerned. Stock in Wynn Macau Ltd. was ...

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Euro’s surprises may just be getting started

The euro is on the move, due to positive fundamental and technical reasons. And there is likely still more upside ahead — potentially a lot more. The realities of a strong economy will put pressure on the European Central Bank’s president, Mario Draghi, to start mapping an exit strategy from ultra-accommodative measures before inflation becomes a problem. In 2017, the ...

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The end of the ‘strong dollar’ policy, yes, again

The end of US leadership is on everyone’s lips. Today’s installment is the Treasury secretary’s endorsement of a weaker dollar. Not so fast. Despite the way the ideal of a ‘strong dollar’ has been thrown around in official rhetoric the last couple of decades, the reality is that Treasury secretaries of both political colors have dialed it up and dialed ...

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