If deflation comes, Govt may reverse FT curbs and property cooling measures
The collapse of crude oil price has brought along talks of deflation. That is quite a change from that of inflation and elevated cost of living being so persistent. Perhaps the layman does not realise that inflationary GDP growth of the last 10 years had been superb for the government’s coffers. The cause is the “Fiscal...
Global Economy – Quagmire & Quicksand (Part 2/3)
CURRENCY & CBOE VOLATILITY INDEX On 15 January, the Swiss National Bank, in a surprise move, abandoned its three-year old cap of 1.20 Swiss francs per euro. It closed at 1.0350 francs, up almost 16%, reflecting the strength of the Swiss currency. The Swiss franc fallout drives the euro to an 11-yr low against the dollar...
Global economy – Quagmire & quicksand (Part 1/3)
Just over a year ago, I wrote in TR Emeritus - Global Economy on a Spacewalk, (link) and (link). This year will see a more stormy global economy and volatile financial markets. It will likely be more turbulent than we have seen in 2014! The US dollar has been bullish since last July. The Swiss Franc was just unpegged from the...
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