Alan Wheatley


Don’t start the coronavirus celebrations too soon

Don’t start the coronavirus celebrations too soon

(ATF) A vaccine for coronavirus is thankfully in sight, but a swift end to the global economy’s woes is not. Hopes that a recovery will unfold in 2021 are justified, but the path will be bumpy and depend entirely on progress in defeating the disease.The challenge of repairing the economic …

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Joe Biden and the future of US-China ties

Joe Biden and the future of US-China ties

(ATF) Feelings against China are running so high across the US political spectrum that Beijing should expect a continued rough ride under Joe Biden. For if he becomes president the Democratic nominee is likely to revive alliances that Donald Trump has scorned to press China on everything from unfair competition …

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The digital yuan and the power of currencies 

The digital yuan and the power of currencies 

(ATF) With a clear eye on China, the European Central Bank has sounded the alarm that Europe could lose its very sovereignty, not just its economic autonomy, if it fails to develop a digital euro. The warning is a reminder of how much is at stake politically in the global …

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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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