EMerging Equity
FX
Zambia’s Currency Is Golden This Year As It Surges With Precious Metals
Zambia’s currency has performed better than 150 other currencies so far this year, and is expected to rise further as metal prices continue to rise. The Zambian kwacha suffered the world’s third-worst performance in 2015 falling 42 percent against the dollar, but has recovered to become this year’s best performer. A report from ETM Analytics, obtained by Bloomberg, shows that Zambia’s … Continue reading
Japan Desperately Needs A Stronger Dollar, China Desperately Wants A Weaker Dollar: The Fed Can’t Please Both
By Charles Hugh Smith The FX market is about to blow up in the Fed’s face, and there’s nothing they can do about it. Foreign exchange (FX) is a zero-sum game: if one currency weakens, another must strengthen. Since the value of a currency is relative to other currencies, all currencies can’t weaken together: at least … Continue reading
Emerging Markets: What Has Changed This Week?
By Marc Chandler, Marc to Market Blog Bank Indonesia signaled it may pause its easing cycle Vietnam undertook a massive cabinet shuffle MSCI is reviewing Nigeria’s standing in its equity indices due to the impact of ongoing FX controls Russia’s central bank tilted a bit more dovish South Africa’s parliament voted down President Zuma’s impeachment proposal by … Continue reading
More Troubles May Lie Ahead For Nigeria As MSCI Weighs Removal From Index
More troubles may lie ahead for Nigeria, Africa’s largest economy, as global equity index provider MSCI is considering dropping the nation from its benchmark Frontier Markets Index, which could put $500 million of equity investment under threat. On Thursday MSCI announced that it’s considering removing the country from its Frontier Markets Index, blaming currency restrictions imposed by … Continue reading
Jim Rickards Reveals The Truth About The Gold-Backed Chinese Yuan
Jim Rickards, Financial Threat and Asymmetric Warfare Advisor for the CIA, American lawyer, economist, investment banker with 35 years of experience on Wall Street, and best selling author joins The Next News Network‘s Gary Franchi to reveal the truth behind claims of an emergent gold backed Yuan and Ruble to challenge U.S. Dollar dominance globally. What … Continue reading
The Empire Of The Petrodollar And The Price Of Refusing It
Ahead of the meeting of OPEC and non-OPEC oil producers scheduled for April 17 in Qatar in a bid to stabilize plummeting crude prices, let’s have a look at oil’s financial heart, the petrodollar system, and the unfortunate position of those member states who tried to break free of it. OPEC members and key oil … Continue reading
Marc Faber On The War On Cash And Why The Mainstream Still Hates Gold
By Mike Gleason, Money Metals Exchange Mike Gleason: It is my privilege now to be joined by a man who needs little introduction, Marc Faber; editor and publisher of The Gloom, Boom & Doom Report. Dr. Faber has frequently appeared on financial shows across the globe and he’s a well-known Austrian school economist, and an investment … Continue reading
The Fed Is Already Easing Policy
By Joseph Y. Calhoun, Alhambra Investment Partners The Fed threw in the towel this week and acknowledged what the market has known for some time. The four rate hikes previously envisioned for this year are now just two – the dots are falling. According to the Fed, the economy is just fine, just not fine enough … Continue reading
Emerging Markets: What Has Changed This Week?
By Marc Chandler, Marc to Market Blog China press is reporting that policymakers are drafting rules for a so-called Tobin tax on yuan transactions Former President Lula was named to the cabinet post of Chief of Staff by his protégé, President Rousseff The Brazilian central bank said it “sees room” to partially unwind the FX swaps program … Continue reading
U.S. Recession Data Shows It’s A Very Short Road To Capital Controls
By Simon Black, Sovereign Man “Prosperity is like a Jenga tower. Take one piece out and the whole thing can fall.” That’s a direct quote from John Williams, the President of the San Francisco Federal Reserve Bank in a speech he gave a few weeks ago. He could have just as easily been talking about propaganda. The … Continue reading
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