New York Times (August 27)
“Propping up the yen. Buying back U.S. debt. Americans might wonder: What is the Treasury Department doing? Over the past month, it has made some unusual moves to tamp down an alarming surge in interest rates. The global history of maneuvers like these suggests that they rarely work on their own — and can often be worse than doing nothing.”
Tags: Alarming, Buying, History, Interest rates, Maneuvers, Propping up, Surge, Tamp down, Treasury, U.S. debt, Unusual, Worse, Yen
Wall Street Journal (June 10)
“A sharp fall in China’s crude oil imports during the Iran war has been instrumental in holding down oil prices and keeping the global economy humming.” China has essentially been “propping up the world economy” by reducing its oil imports by roughly three million barrels a day, “but analysts aren’t sure how long it can keep going.”
Tags: 3 MM bbl, China, Crude oil, Fall, Global economy, Imports, Instrumental, Iran war, Prices, Propping up, Reducing
Bloomberg (April 30)
“Regardless of how pragmatic propping up the yen after such a poor run may sound, the question is whether it would be wise…. With US rate sentiments weighing heavily on the yen, an intervention would be no lasting solution in the event of a hawkish Fed pivot.”
Tags: Fed, Hawkish, Intervention, Lasting, Pragmatic, Propping up, Rate, Sentiments, Solution, U.S., Wise, Yen
