business

Central bankers in a bind as G20 bickers over trade

9 Comments
By Leika Kihara and Howard Schneider

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9 Comments
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You can't talk trade when no one acknowledges the elephant in the room, ie trading with communist China and its ingrained state assisted corporate model. This is a violation of WTO rules, but everyone turn a blind eye to it for fear of repercussion.

1 ( +2 / -1 )

Exactly M4sada!

That and the fact that Central Banks are trying to become post-national entities by flooding fiat currencies into the global markets.

1 ( +2 / -1 )

Very well said, Sh1mon!

0 ( +1 / -1 )

"If the Fed cuts rates, the BOJ and the ECB must do something more powerful to contain currency appreciation," said Sayuri Shirai, a former BOJ policymaker who is currently professor at Japan's Keio University.

He's got it wrong. It just means the dollar will DEPRECIATE FASTER than the euro and the yen. The euro and yen will NOT appreciate, only seemingly so when compared against the dollar or other fiat currencies. They're all going down like a sinking ship when compared to real world assets.

EVERY fiat currency since the Romans began the practice in the first century has ended in devaluation and eventual collapse. That includes their economies as well.

Bank of Japan Governor Haruhiko Kuroda also signalled last week his readiness to ramp up stimulus if growth slumps

Kicking the can down the road to delay the inevitable and exacerbate the problem.

2 ( +3 / -1 )

Kicking the can down the road to delay the inevitable and exacerbate the problem.

I call this the "boomer's hand-me-down".

0 ( +0 / -0 )

Forget america, a new country is needed. Look at the poor in america. Nothing good will come from takind sides with america. Loud voice and no money. Always bullying Japan & other countries. Really pitiful.

0 ( +0 / -0 )

EVERY fiat currency since the Romans began the practice in the first century has ended in devaluation and eventual collapse.

The 10,000 yen in my pocket buys roughly as much as it did 10-15 years ago in terms of a basket of goods. And it is unpinned by the loosest monetary policy in the world. How do you explain that?

Indeed, I've been earning yen for many years now, and it's given me a great deal when in I'm overseas, whether America, Europe or Asia.

0 ( +0 / -0 )

I don't pretend to know the ins and outs of it but the financial system collapsed in 2008 and has been on life support since that time through monetary easing and manipulation. Cheap goods and overseas labour have helped keep prices down. There are lower profit margins through competition and stagnant or lower salaries for the average worker. There has also been heavy manipulation in the precious metals markets with the massive dumping of paper certificates (ETFs) to keep fiat currencies looking respectable. These are only a few of the things I'm aware of but I think it's mostly it's manipulation behind the scenes which has kept the economy reasonably stable IMHO.

0 ( +0 / -0 )

*Cheap overseas goods

Also what I mean by manipulation is the high powered computers and algorithms that are used to rig the markets.

0 ( +0 / -0 )

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