Forgotten about plaza accord?-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

Dawlim
2022-06-10

Forgotten about plaza accord?

Strong Dollar Could Spark Repeat of 1990s "Asian Crisis" If It Crosses This Threshold, Former Goldman Economist Warns

Why the Japanese yen tumbling to 150 against the greenback could spell troubleJim O'Neill, the forme

Strong Dollar Could Spark Repeat of 1990s "Asian Crisis" If It Crosses This Threshold, Former Goldman Economist Warns

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9058235813,"tweetId":"9058235813","gmtCreate":1654840977732,"gmtModify":1676535521454,"author":{"id":3555545006510818,"idStr":"3555545006510818","authorId":3555545006510818,"authorIdStr":"3555545006510818","name":"Dawlim","avatar":"https://static.tigerbbs.com/40dc3a61694ed15f1e9dec670119bc05","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Forgotten about plaza accord?&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Forgotten about plaza accord?&nbsp;</p></body></html>","text":"Forgotten about plaza accord?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9058235813","repostId":2242536656,"repostType":2,"repost":{"id":"2242536656","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1654838025,"share":"https://www.laohu8.com/m/news/2242536656?lang=&edition=full","pubTime":"2022-06-10 13:13","market":"hk","language":"en","title":"Strong Dollar Could Spark Repeat of 1990s \"Asian Crisis\" If It Crosses This Threshold, Former Goldman Economist Warns","url":"https://stock-news.laohu8.com/highlight/detail?id=2242536656","media":"Dow Jones","summary":"Why the Japanese yen tumbling to 150 against the greenback could spell troubleJim O'Neill, the forme","content":"<html><head></head><body><p>Why the Japanese yen tumbling to 150 against the greenback could spell trouble</p><p>Jim O&#39;Neill, the former Goldman Sachs economist most famous for coining the term &#34;BRICs,&#34; told Bloomberg NewsThursday that the U.S. dollar could spark a new Asian financial crisis if the Japanese yen sinks to 150 against the greenback -- a level last seen in 1990.</p><p>Recently, there&#39;s been a lot of speculation about how far the dollar could strengthen as the Federal Reserve continues to raise interest rates at an aggressive pace, making the greenback more attractive to foreign investors.</p><p>This week, the the yen USDJPY fell to 134 against the greenback, for the first time since 2002.</p><p>To be sure, other central banks are scrambling to keep pace with the Fed -- most recently, the European Central Bank on Thursday left the door open to a 50 basis point rate hike in September, and the Reserve Bank of Australia surprised economists with a larger-than-expected hike earlier this week.</p><p>But while many central banks are following in the Fed&#39;s footsteps, the Bank of Japan has opted to keep its monetary policy loose to help finance Japanese Prime Minister Fumio Kishida&#39;s spending ambitions.</p><p>Last month, Eisuke Sakakibara, a former Japanese government official often referred to by his nickname, &#34;Mr. Yen,&#34; said that the Japanese currency could weaken to 150 yen to the dollar , according to a separate Bloomberg News report.</p><p>But if the yen keeps weakening, China could step in to further devalue its currency, the yuan, potentially sparking a chain reaction of currency weakness across the region that could bear echoes of the late 1990s Asian Financial Crisis, which started in Thailand with the crash of the Thai baht, before ricocheting across the region -- then across the world.</p><p>&#34;If the yen keeps weakening, China will see this as unfair competitive advantage so the parallels to the Asian Financial Crisis are perfectly obviously,&#34; said O&#39;Neill to Bloomberg. &#34;China would not want this devaluing of currencies to threaten their economy.&#34;</p><p>Assuming the Bank of Japan sticks with yield curve control -- its policy of carefully stage-managing the yields of Japanese government bonds seen by economists to be an ultra-loose form of monetary policy -- the dollar&#39;s strength could create &#34;serious problems&#34; in Beijing,O&#39;Neill said.</p><p>The economist and former chair of Goldman Sachs Asset Management left the investment bank in 2013, before later becoming a senior advisor at Chatham House, British policy institute. &#34;BRICs&#34; is an acronym that stands for &#34;Brazil, Russia, India China,&#34; and is meant to represent a group of the most influential emerging-market economies.</p><p>A number of Wall Street strategists recently called for a pause in the dollar&#39;s torrid rally, which has brought it to multi-decade highs against many of its main rivals. Nevertheless, the greenback has continued to strengthen against the yen.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strong Dollar Could Spark Repeat of 1990s \"Asian Crisis\" If It Crosses This Threshold, Former Goldman Economist Warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrong Dollar Could Spark Repeat of 1990s \"Asian Crisis\" If It Crosses This Threshold, Former Goldman Economist Warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-10 13:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Why the Japanese yen tumbling to 150 against the greenback could spell trouble</p><p>Jim O&#39;Neill, the former Goldman Sachs economist most famous for coining the term &#34;BRICs,&#34; told Bloomberg NewsThursday that the U.S. dollar could spark a new Asian financial crisis if the Japanese yen sinks to 150 against the greenback -- a level last seen in 1990.</p><p>Recently, there&#39;s been a lot of speculation about how far the dollar could strengthen as the Federal Reserve continues to raise interest rates at an aggressive pace, making the greenback more attractive to foreign investors.</p><p>This week, the the yen USDJPY fell to 134 against the greenback, for the first time since 2002.</p><p>To be sure, other central banks are scrambling to keep pace with the Fed -- most recently, the European Central Bank on Thursday left the door open to a 50 basis point rate hike in September, and the Reserve Bank of Australia surprised economists with a larger-than-expected hike earlier this week.</p><p>But while many central banks are following in the Fed&#39;s footsteps, the Bank of Japan has opted to keep its monetary policy loose to help finance Japanese Prime Minister Fumio Kishida&#39;s spending ambitions.</p><p>Last month, Eisuke Sakakibara, a former Japanese government official often referred to by his nickname, &#34;Mr. Yen,&#34; said that the Japanese currency could weaken to 150 yen to the dollar , according to a separate Bloomberg News report.</p><p>But if the yen keeps weakening, China could step in to further devalue its currency, the yuan, potentially sparking a chain reaction of currency weakness across the region that could bear echoes of the late 1990s Asian Financial Crisis, which started in Thailand with the crash of the Thai baht, before ricocheting across the region -- then across the world.</p><p>&#34;If the yen keeps weakening, China will see this as unfair competitive advantage so the parallels to the Asian Financial Crisis are perfectly obviously,&#34; said O&#39;Neill to Bloomberg. &#34;China would not want this devaluing of currencies to threaten their economy.&#34;</p><p>Assuming the Bank of Japan sticks with yield curve control -- its policy of carefully stage-managing the yields of Japanese government bonds seen by economists to be an ultra-loose form of monetary policy -- the dollar&#39;s strength could create &#34;serious problems&#34; in Beijing,O&#39;Neill said.</p><p>The economist and former chair of Goldman Sachs Asset Management left the investment bank in 2013, before later becoming a senior advisor at Chatham House, British policy institute. &#34;BRICs&#34; is an acronym that stands for &#34;Brazil, Russia, India China,&#34; and is meant to represent a group of the most influential emerging-market economies.</p><p>A number of Wall Street strategists recently called for a pause in the dollar&#39;s torrid rally, which has brought it to multi-decade highs against many of its main rivals. Nevertheless, the greenback has continued to strengthen against the yen.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4504":"桥水持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4552":"Archegos爆仓风波概念","BK4127":"投资银行业与经纪业","GS":"高盛"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242536656","content_text":"Why the Japanese yen tumbling to 150 against the greenback could spell troubleJim O'Neill, the former Goldman Sachs economist most famous for coining the term \"BRICs,\" told Bloomberg NewsThursday that the U.S. dollar could spark a new Asian financial crisis if the Japanese yen sinks to 150 against the greenback -- a level last seen in 1990.Recently, there's been a lot of speculation about how far the dollar could strengthen as the Federal Reserve continues to raise interest rates at an aggressive pace, making the greenback more attractive to foreign investors.This week, the the yen USDJPY fell to 134 against the greenback, for the first time since 2002.To be sure, other central banks are scrambling to keep pace with the Fed -- most recently, the European Central Bank on Thursday left the door open to a 50 basis point rate hike in September, and the Reserve Bank of Australia surprised economists with a larger-than-expected hike earlier this week.But while many central banks are following in the Fed's footsteps, the Bank of Japan has opted to keep its monetary policy loose to help finance Japanese Prime Minister Fumio Kishida's spending ambitions.Last month, Eisuke Sakakibara, a former Japanese government official often referred to by his nickname, \"Mr. Yen,\" said that the Japanese currency could weaken to 150 yen to the dollar , according to a separate Bloomberg News report.But if the yen keeps weakening, China could step in to further devalue its currency, the yuan, potentially sparking a chain reaction of currency weakness across the region that could bear echoes of the late 1990s Asian Financial Crisis, which started in Thailand with the crash of the Thai baht, before ricocheting across the region -- then across the world.\"If the yen keeps weakening, China will see this as unfair competitive advantage so the parallels to the Asian Financial Crisis are perfectly obviously,\" said O'Neill to Bloomberg. \"China would not want this devaluing of currencies to threaten their economy.\"Assuming the Bank of Japan sticks with yield curve control -- its policy of carefully stage-managing the yields of Japanese government bonds seen by economists to be an ultra-loose form of monetary policy -- the dollar's strength could create \"serious problems\" in Beijing,O'Neill said.The economist and former chair of Goldman Sachs Asset Management left the investment bank in 2013, before later becoming a senior advisor at Chatham House, British policy institute. \"BRICs\" is an acronym that stands for \"Brazil, Russia, India China,\" and is meant to represent a group of the most influential emerging-market economies.A number of Wall Street strategists recently called for a pause in the dollar's torrid rally, which has brought it to multi-decade highs against many of its main rivals. Nevertheless, the greenback has continued to strengthen against the yen.","news_type":1},"isVote":1,"tweetType":1,"viewCount":448,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":26,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}