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This Day in Econ History
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The US dollar has firmer against most major and emerging market currencies. It remains well within its well-worn ranges, which continue to be narrow. A notable exception today is the yen's weakness. Head of Global Currency Strategy at Brown Brothers Harriman. |
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Upward pressure on US consumer prices is stemming from two elements. Rents and medical services. Due to the differences in the composition of the basket of goods and services that are used, the core personal consumption deflator, which the Fed targets, typically lags behind core CPI.
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A wave of political activism has animated East Asian politics: Taiwan’s Sunflower Student Movement in 2014, South Korean 2015 street protests against President Park’s new labour law, and protests in Japan in 2015 against Prime Minister Abe’s security bills. Youth activism was common to all these movements. Facing challenges in a stagnating economy, the younger generations have developed a deeper political awareness from
a sense of marginalisation from political decision-making processes.
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During this year’s G7 summit, Japan announced its vision of creating a LNG market to meet increasing energy demand. Natural resource markets are a foundation for trade and economic development. What is less well known is the close link between the natural resource markets and the currency markets. Read More
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| Economists create
their own worlds. We're like little gods with our artificial economics, wanting to see what happens. - Edward C. Prescott | |
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