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Today Donald Trump unveiled his team of economic advisers. Interestingly enough there are very few economists among the economic advisors and only one who can be said to have any free market credentials – the Heritage Foundation‘s chief economist Stephen Moore.
Some very, very good news out of Iceland.
Sunday we got some bad news, which many wrongly will see as good news.
This is from Financial Times’ FT Fast this morning: A key lending rate between Hong Kong banks jumped to its highest level since February, potentially making it more expensive to short the renminbi.
Israel Arroyo on Twitter alerted me to a new comment BloombergView by Noah Smith titled “Monetarists Are Out of Ideas”.
Within the next 1-2 months my advisory Markets & Money Advisory will be launching a new monthly publication on Global Monetary Conditions.
The question of what is the best monetary policy regime for Iceland has come up in the Icelandic election campaign and particularly it has been suggested that Iceland introduce a currency board.
Se my latest article at Geopolitical Intelligence Services on how a floating exchange rate have helped Russia avoid economic collapse here.
It seems like there is a bit of a gap opening between prediction markets and opinion polls when it comes to the likely outcome of the US presidential elections in recent days.
A couple of days ago I read an interview with ECB’s former chief economist Otmar Issing about the euro crisis. I frankly speaking didn’t find the interview particularly interesting and Issing brings little new to the discussion.