A big thank you to all those whose answered questions in the commentary section today. Especially explaining what ACB means. I saw a comment today that Thailand might buy Chinese bonds. Whilst that may look innocuous on the surface don’t underestimate the impact if this takes off – Brazil’s currency war theme looks like becoming a reality as the world at large tries to run a weak currency policy.
The other point of interest was today’s German unemployment number – run over by a thousand other headlines. Unemployment fell to its lowest level since 1992. Hmmmm I wonder what Spain and the US think about that.
