Lester Pimentel Archive

Foreign dollar bond issuance increasing

[Skip to the end] Not a lot yet, but $65 billion is something and counts as USD deficit spending as they are presumably borrowing to spend. The Fed swap lines outstanding of something over $600 billion probably do not yet represent ‘borrowing to spend’ but there is no way to tell from ...Read More

Bloomberg: Inflation weakening some currencies

[Skip to the end] Interesting how reports of higher inflation have often meant stronger currencies in the short run due to higher anticipated rates from the CB. Inflation, however, by definition means the currency buys less of most everything; therefore, inflation and a weakening currency are one and the same. But it ...Read More