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Two Policy Updates

June 30, 2017
The IMF has been reluctant to participate in the aid package to Greece that runs out the middle of next year.  It does not believe that Greek debt is sustainable.  Nevertheless, it did recently agree to provide a precautionary line of credit at the end of the program.   
The IMF decision required the approval of the board, and we thought there was …
Two Policy Updates Two Policy Updates Reviewed by Marc Chandler on June 30, 2017 Rating: 5
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Greenback Stabilizes

June 30, 2017
The US dollar has been battered this week amid a shift in sentiment seen in how the market responded to comments mostly emanating from the ECB's annual conference.  It is not really clear that Draghi or Carney gave new policy indications.  
The ECB President has recognized the improved growth prospects, but until inflation is on a sustainable a…
Greenback Stabilizes Greenback Stabilizes Reviewed by Marc Chandler on June 30, 2017 Rating: 5
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Tokyo Election Comes at a Rough Time for Abe

June 29, 2017
Tired of the seemingly endless political drama in the US and Europe?  Try Japan.  Tokyo's metropolitan 127-seat Assembly is up for election on July 2. 
 It could not come at a worse time for Prime Minister Abe and his Liberal Democrat Party.  In some ways, Abe and the LDP are victims of their own success.  Recall that previously, there had seem…
Tokyo Election Comes at a Rough Time for Abe Tokyo Election Comes at a Rough Time for Abe Reviewed by Marc Chandler on June 29, 2017 Rating: 5
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