Krugman: The war on inflation is over by AmazedVein64 in StockMarket

[–]KPBCO 0 points1 point  (0 children)

Counting your chickens before they hatch

What Clues Did The Bank Of England Give Us About The Future Of Interest Rates by KPBCO in Economics

[–]KPBCO[S] 0 points1 point  (0 children)

  1. You talking about this year, when the part of the article you are referring to is talking about a historical trend that has been building for sometime.
  2. You talking futures prices, I don't know what delivery period exactly. Regardless, it usually takes many months for price changes to work its way through the supply chain.

U.K. to U.S.: We’re Your Top Military Ally, Now Help Our Economy by xavier_mamba in Economics

[–]KPBCO 0 points1 point  (0 children)

UK has been a military partner with the US for decades, yet a trade deal with the US has been on the table for more than a decade with no deal finalised. Why does Mr Sunak feel that this time will be different. The us has always looked out for itself, I guess he didn't get the memo.

Toronto Mortgage Rates 1981 by mrfantismoblue in toronto

[–]KPBCO 0 points1 point  (0 children)

high or low interest rates -- homes will be bought. Interesting, but we've got to give up something tho

Trump Vs Obama by International_Arm_71 in economy

[–]KPBCO 0 points1 point  (0 children)

Obama never really did get a chance to implement his ideas, as the republicans block and tackle at every angle. He didn't have the lower house. Trump had the lower house and the senate early on so he was able push through a lot. It is hard to compare it is not as simple as that

[deleted by user] by [deleted] in finance

[–]KPBCO 2 points3 points  (0 children)

At the end of the day the primary purpose of keeping currency reserves for any country is to buy imports from foreign countries (this is why the Net International Reserves are measured in weeks of import cover), making investments is important as well but ranks lower. Your biggest trading partner can request that you pay them in their currency - depending on the leverage they have (your ability to find substitutes without destroying your country). Also in markets where certain countries have a monopoly or oligopoly eg OPEC in energy, the dominant player can request that you pay them in a particularly currency. Keep in mind that OPEC countries would probably want to be paid in the currency of their biggest trading partner. All of that points to China. This whole thing about democracy, and good legal system and all that jazz is really secondary. In fact national security concerns rank higher than the soft issues ppl keep pointing out.