Jean-Claude Juncker, the president of the European Commission, said in September that it’s “absurd” that European companies buy European planes in the American currency instead of their own.
-
Show this thread
-
The euro represents a monetary union, but there’s no central taxing and spending authority. Italy’s recent woes are only the latest challenge to the euro zone’s durability.
1 reply 0 retweets 0 likesShow this thread -
China's push to invest in infrastructure projects around the world is an attempt to build international relations and geopolitical clout. But it would also make the renminbi more attractive as a reserve option.
1 reply 1 retweet 1 likeShow this thread -
It might be possible one day for China to have its cake and eat it. But it also seems quite likely that China will remain attached to its preference for ‘discretion’.https://www.eastasiaforum.org/2019/03/01/waiting-for-the-global-renminbi/ …
1 reply 2 retweets 0 likesShow this thread -
» China's currency becomes key issue in US trade talks - AFP https://www.channelnewsasia.com/news/asia/china-us-yuan-currency-rmb-trade-talks-11306908 …
1 reply 2 retweets 0 likesShow this thread -
Larry Kudlow said the draft documents would prohibit currency manipulation. But the paradox is that China does not necessarily want a weak currency, and the downward pressure on the yuan is in large part caused by US economic conditions, like rising interest rates.
1 reply 0 retweets 1 likeShow this thread -
More recent weakening of the Chinese currency is not due to manipulation but is the result of China's economic slowdown, the trade war, and rising US interest rates that push up the value of the dollar against all currencies as investors search for higher yields.
1 reply 0 retweets 0 likesShow this thread -
Compared with everyone else, America is a super lucky country.pic.twitter.com/2XGqOWo9TX
1 reply 0 retweets 1 likeShow this thread -
"Brexit was always always going to end up with a hard divorce."pic.twitter.com/CezfyPkhof
3 replies 0 retweets 1 likeShow this thread -
Peter Zeihan predicts that the post-Brexit UK will be locked in the US orbit for another 50 years while the EU will have to deal with many of its dormant crises (Greece, Italy, Hungary, Turkey) after the Brexit drama is over.pic.twitter.com/enwT4964iQ
4 replies 0 retweets 2 likesShow this thread
"Locked in the US orbit" is a funny way to say "returning home to our family after half a century in the European dungeon."
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.