Tag: brazilian

Purposeful Class Warfare? Breathing Room for Rupee? Sheer Stupidity? Ridiculous Comment of the Day
September 19, 2013 0

Purposeful Class Warfare? Breathing Room for Rupee? Sheer Stupidity? Ridiculous Comment of the Day

By News Desk

Some people think the Fed’s actions are purposeful, but in a favorable sense. For example, please consider Bernanke Buys Time for Brazil to India as Rupee Leads Rally The Federal Reserve’s surprise decision to refrain from scaling back monetary stimulus provided a respite to investors in emerging markets, where currencies are in the midst of their worst rout in two years.“It gives everyone some breathing time,†Denise Simon, an emerging-market fixed income manager at Lazard Asset Management, which oversees $147 billion, said by phone from New York. “It certainly takes some of the immediate pressure off the more vulnerable countries

Cash Squeeze in China, Interest Rate Swaps Rise Most in 22 Months; China’s Credit Bubble About to Pop; Shadow Banking Crackdown
June 19, 2013 0

Cash Squeeze in China, Interest Rate Swaps Rise Most in 22 Months; China’s Credit Bubble About to Pop; Shadow Banking Crackdown

By News Desk

In a followup post, Ambrose Evans-Pritchard writes Fitch says China credit bubble unprecedented in modern world history China’s shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.  "The credit-driven growth model is clearly falling apart. This could feed into a massive over-capacity problem, and potentially into a Japanese-style deflation," said Charlene Chu, the agency’s senior director in Beijing. "There is no transparency in the shadow banking system, and systemic risk is rising