Fascinating discussion of onshore/offshore fx liabilities of EM nonfinancial corporations in latest @BIS_org quarte… https://t.co/DqracxYrN3
EU/ECB’s lowflation problem is far worse than that of the US/Fed. BUT even US bond markets have never worried about
EU/ECB’s lowflation problem is far worse than that of the US/Fed. BUT even US bond markets have never worried about more than 2.5% inflation in