World economy

China lowered its average tariff on imports after it joined the WTO

Why China Hasn’t Broken WTO Rules

Yu Yongding  via Caixin | Has China violated the rules of the World Trade Organization (WTO) as the U.S. has said? The most reliable answer should be from the WTO itself. On the 10th anniversary of China’s entry to the organization, former WTO Director-General Pascal Lamy said in an interview with the U.S. magazine China Business Review that “China has done really well in terms of implementing its long list of commitments, although no country is above criticism.”


The situation of emerging markets is concerning

August 2018 Risks (III): The Different Concerns Of Emerging Markets

Intermoney | Other risks to which we must pay attention are those arising from emerging markets. In this case, one should not focus only on one country, as there are numerous fronts open. For example, the latest update to the IMF forecasts cut the growth forecasts for Argentina and Brazil, stressing the more difficult finanacial conditions and the need for adjustments to the Argentinian economy while, in the case of Brazil, it stressed the effect of strikes and political instability.


Facebook and Twitter are suffering the burden of unsatisfactory user data

Risks For August (II): Facebook And Twitter Recall Concerns About The Tech Sector

Facebook and Twitter have been significantly punished by investors following figures about users which created doubts about the performance of both companies in the future. In the first case, the number of users active per month increased 1.74% in 2018 to pass from 2.196 millions to 2.234 million, disappointing market expectations and delivering the smallest increase since Facebook provided figures.


The risks for the markets in August 2018

The Risks That Could Sour August (I): Less Liquidity In The Markets

Financial markets in developed countries have suffered several difficult months of August this century. Therefore we should never be confident about August and this year there are reasons to face it with caution. In a brief series which starts today, Intermoney identifies the key elements of these potential risks.

 


China’s trade surplus with the US

China’s Trade Surplus Isn’t as Big as U.S. Says

Yu Yongding via Caixin | Washington launched its trade war against Beijing in part because of China’s long-running trade surplus with the U.S., but it turns out that the surplus isn’t as large as advertised. U.S. President Donald Trump has said that his country has an annual trade deficit of $500 billion with China. This is nonsense.




America’s interests — not to mention image — took a major hit in Helsinki during the meeting between US President Donald Trump and Russian President Vladimir Putin.

Trump’s Disgraceful Capitulation In Helsinki

America’s interests — not to mention image — took a major hit in Helsinki during the meeting between US President Donald Trump and Russian President Vladimir Putin. This is more than sufficient to provoke America’s concern about the direction Donald Trump is taking the country.


Former Fed's chairman Ben Bernanke recently declared that he declared that “in 2020 the coyote is going to leap off the precipice and is going to look down”

The “Coyote” Economy

On the few occasions the Fed’s former chairman Ben Bernanke speaks in public, which makes him feel physically sick- , he resorts to metaphors. It is what he did in May when he declared that “in 2020 the coyote is going to leap off the precipice and is going to look down”. Bernanke was referring to Wile E.Coyote, the coyote in the Roadrunner, a series of Warner cartoons which ran in the 50s and 60s.


euro-dollar relationship

How Does The Euro Fit In The Currency Puzzle?

Where the euro may go in 2018 is such a central question and will have implications for global asset markets around the world. Christopher Gannatti, head of research at Wisdom Tree, thinks that “forecasting currencies is very much like putting together a puzzle”, at times requiring just as much art as data.