The Times (June 18)
Donald Trump “promised to keep the US out of ‘dumb wars.’” This week he “ended one of America’s shortest wars with a deal that leaves an enemy regime in place in Iran, emboldened by its own survival, entrenched in defiance of the civilised world and even potentially enriched by the promise of boatloads of money to help rebuild its battered economy and war-making infrastructure.”
Tags: Battered economy, Civilised world, Deal, Defiance, Dumb wars, Emboldened, Enemy regime, Enriched, Entrenched, Iran, Money, Promised, Rebuild, Survival, Trump, U.S., War-making infrastructure
Financial Times (January 14)
“Since the Bank of Japan stunned markets by widening the band of its yield curve control (YCC) policy on December 20, markets feel things are now moving tectonically for one of the developed world’s most unorthodox financial regimes.” At long last, the ‘widow-maker’ trade “is making money. On Friday and for the first time in almost a decade, yields on the benchmark 10-year JGB rose to 0.53 per cent and, critically, outside the BoJ’s target band in defiance of its ever more desperate efforts to fight the market.”
Tags: 10-year, Benchmark, BOJ, Control, Defiance, Desperate, Financial regimes, JGB, Markets, Target band, Widow-maker trade, Yield curve, Yields
