Alan Wheatley


Central banks dump monetary compass

Central banks dump monetary compass

(ATF) Central banking is entering a new era. Policymakers aren’t giving up on 30 years of inflation targeting, but they are adding new, overtly political goals to their remit. That spells uncertainty, possibly confusion, for markets when economies eventually recover from Covid-19 and price pressures resurface.After the Reserve Bank of ...

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The global economy has held up well, but now for the hard part

The global economy has held up well, but now for the hard part

(ATF) The global economy has fared surprisingly well in recent months, but a full V-shaped recovery from the coronavirus pandemic is far from assured. While stock markets are surfing a monster wave of central bank liquidity, underlying economic fundamentals remain vulnerable to the virulence of the virus and setbacks in ...

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China circulates new strategy in economic duel with US

China circulates new strategy in economic duel with US

China has waded into the debate over whether the retreat from globalisation is a passing nuisance or is here to stay. Its verdict? The trend is for real, but China aims to turn the reversal to its advantage with a new economic strategy. If it succeeds, the consequences for the ...

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Despite the catcalls, there is no alternative to the dollar

Despite the catcalls, there is no alternative to the dollar

(ATF) Confidence in the dollar is crumbling, but doomsters are wrong to view its fall to a two-year low as presaging its swift demise as the world’s premier reserve currency. For all the pressure on the greenback, there is no credible pretender to its crown.When a bank as illustrious as ...

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Covid, money growth and the renewed spectre of inflation

Covid, money growth and the renewed spectre of inflation

Pandemics throughout history have triggered radical change, forcing societies to break with past practices. Notably, the Black Death in 1348 quickened the end of feudalism. Many think Covid-19 may herald an age of greater equality, social security and state activism. Could it also usher in the return of inflation? On ...

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Global economy needs a coronavirus vaccine – fast

Global economy needs a coronavirus vaccine – fast

(ATF) China is recovering smartly from the slump induced by Covid-19, but there will be no repeat of its single-handed global rescue act following the 2008-09 financial crisis. Indeed, with the pandemic still raging in many countries, the outlook for the world economy remains a lot gloomier than buoyant stock ...

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In America we trust – for now, sort of…

In America we trust – for now, sort of…

(ATF) From Huawei to the power of their currencies, the battle for global supremacy between the US and China boils down to a battle for global trust. America is winning the contest for now but cannot be assured of keeping its lead.With positions hardening in both Washington and Beijing, it ...

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