applied know how
In an interesting PR move the staid Bank for International Settlements (BIS)- the Central bankers, banker- has tweeted the following
@BIS_org: US dollar as global unit of account in debt contracts means a stronger dollar constitutes tightening of global financial conditions.
The signs of growth in the US is positive and this has already resulted in a strengthening of the US$ against many international currencies.… Read more
Our economic future is increasingly in her hands.
We have been enjoying a ZIRP (US zero interest rate policy) world recently. With the improvement in the US economy, the Fed suggested at its policy meeting in March that the program may end this coming autumn and it may start raising interest rates about six months from then. The latest pronouncements have underlined this, pointing out that the Fed responds to data and the data is looking better and better.… Read more