The Traderszone Network

India’s growing tension with Pakistan is expected to be only a temporary dent in investor sentiment, barring an escalation.

Yen crosses have jumped, USD/JPY up 50+ points in moments
I got an ear to the ground … not hearing anything yet (beyond someone hoovering it 😀 )
OK … intervention chatter (a ring around at least) –

Satellite imaging firm Orbital Insight claims China’s inventory of oil is around 600 million barrels
– Says that was the amount in reserve in China in May
– That’s around four times greater than widely used estimates
huh …

It is not solvency, or the lack of capital – a vague, synthetic, and usually quite arbitrary concept, determined by regulators – that kills a bank; it is – as Dick Fuld will tell anyone who bothers to listen – the loss of (access to) liquidity: cold, hard, fungible (something Jon Corzine knew all too well when he commingled and was caught) cash, that pushes a bank into its grave, usually quite rapidly: recall that it took Lehman just a few days for its stock to plunge from the high double digits to zero.

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Sometimes the best economic analysis comes anecdotally.  Why not explain the most important economic issue of our day with America’s favorite food: PIZZA.  As we explain in our book Splitting Pennies – Understanding Forex, the real reason of inflation is because of monetary policy, not supply and demand.

In case you didn’t know, facts about Pizza

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Bloomberg report that Prime Minister Theresa May “has offered little insight into her exit strategy” nearly 100 days after the U.K. voted to leave the European Union

Governor of the Bank of Japan Kuroda was at a workshop with the Bank of Canada in Tokyo today
Kuroda quoted Anne, a fictional character in the Canadian novel Anne of Green Gables