11
Aug
Employment increases the risk of a carry trade shock
The deterioration in the U.S. labor market has come to light with the plunge to –23k nonfarm payrolls in July and the downward revision of –103k for the previous month (from 57k to just 20k in June), which should reinforce the anticipated stagflation scenario. The sharp contraction [...]
Interest rate differential and repatriation of japanese assets
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