The New York-based clothing chain saw its parent company, Chinos Holdings, file for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia.
China’s State Administration of Foreign Exchange (SAFE) Moves With The Times….Or Is Something Else Afoot (Surely Not!?)
As the Chinese economy, and it's State controlled financial institutions brace against the COVID-juiced headwinds, certain all important outward facing policy and administrative arms are forced to make adjustments to policy settings.
As is unique in Asian finance markets, measures of economic activity are measured in 'gold adjusted terms' as standing practice. The Kingdom of Thailand, one of SE Asia's most dynamic economies saw economic activity plunge along side global peers.
The wizards at Alhambra Investments ask a question (and provide some answers) close to the hearts of Icarus Signal readers..............can you fight the Fed, and have, or will they, lose control?
What signals is the NFL sending us about the world's largest economy?
The economists' statistical engine is running amok again, just like in 2008-2009. It's making mountains from molehills (make that sinkholes from potholes), scaring the heck out of investors, reporters and just about everyone else.
Zerohedge writes...."Then as now, he says, “central bankers were pushing on a string”, trying in vain to whip up a real economic recovery with monetary policy."
The Japanese Yen remains confined to a well-established trading range against the US Dollar but seems to be gaining the upper hand within it.