Articles Written by:    AMBROSE EVANS-PRITCHARD     

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It is Japan we should be worrying about, not America

The rocketing cost of insuring against the bankruptcy of the Japanese state is telling us that the model has smashed into the buffers. Credit default swaps (CDS) on five-year Japanese debt have risen from 35 to 63 basis points since early September. ...

From AMBROSE EVANS-PRITCHARD, Dallas Blog,  5 Nov 2009
Related Topics: International Monetary Fund,  Yukio Hatoyama (politician),  Simon Johnson,  U.S. Congress

China calls time on dollar hegemony

You can date the end of dollar hegemony from China's decision last month to sell its first batch of sovereign bonds in Chinese yuan to foreigners. Beijing does not need to raise money abroad since it has $2 trillion (£1.26 trillion) in reserves. The ...

From AMBROSE EVANS-PRITCHARD, Dallas Blog,  10 Oct 2009
Related Topics: European Central Bank,  Investec,  OPEC

US credit shrinks at Great Depression rate prompting fears of double-dip recession

Both credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of te Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation. Professor Tim ...

From AMBROSE EVANS-PRITCHARD, Dallas Blog,  19 Sep 2009
Related Topics: Ben Bernanke,  International Monetary Fund,  Dominique Strauss-Kahn

China alarmed by US money printing

Cheng Siwei, former vice-chairman of the Standing Committee and now head of China's green energy drive, said Beijing was dismayed by the Fed's recourse to "credit easing". "We hope there will be a change in monetary policy as soon as they have ...

From AMBROSE EVANS-PRITCHARD, Dallas Blog,  12 Sep 2009

Crisis Symptoms, Not Disease, Treated by Banks

London The world's central banks no longer seem able to shock and awe the markets with a blasts of liquidity. Yesterday's move by the Federal Reserve, the European banks, and the Bank of Japan, to douse the global banking system with $184 billion may ...

From AMBROSE EVANS-PRITCHARD, The New York Sun,  19 Sep 2008
Related Topics: International Monetary Fund,  Federal Reserve,  Stephen Lewis,  U.S. Congress,  Barney Frank

Gordon Brown is preparing to break the law over Ireland’s EU vote

By their bullying treatment of Ireland, the powers that be in the European Union are openly threatening to breach the Vienna Convention on the Law of Treaties. The British government is openly threatening to breach our own European Communities Act, ...

From AMBROSE EVANS-PRITCHARD, The Telegraph,  16 Jun 2008
Related Topics: Gordon Brown,  European Union

What if Britain joined the euro today?

Would joining the euro be good for Britain? Needless to say, I disagree. It is worth conducting a `Gedankenexperiment’ as to what would happen if Britain abolished sterling at, say, 12 AM this morning. Interest rates would be cut instantly from 5pc to 4 ...

From AMBROSE EVANS-PRITCHARD, The Telegraph,  11 Jun 2008
Related Topics: Gordon Brown

Iran’s switch good news for gold bulls?

Good news for long-suffering gold bugs. Iran is switching a chunk of its $80bn reserves into bullion. Mohsen Talaie, the deputy foreign minister in charge of economic affairs, said Tehran was pulling its money out of euro instruments (presumably Bunds, ...

From AMBROSE EVANS-PRITCHARD, The Telegraph,  10 Jun 2008
Related Topics: George W. Bush,  Vladimir Putin

A 50-50 chance that climate change will destroy civilisation this century?

Could polar bears be replaced by alligators in the North Pole? Lord Stern and Lord Giddens frightened the wits out of a Goldman Sachs audience I attended this week on the risks of a global water, food, and energy crisis. Without wishing to take a stand ...

From AMBROSE EVANS-PRITCHARD, The Telegraph,  5 Jun 2008
Related Topics: Anthony Giddens,  European Commission,  Goldman Sachs,  World Bank,  Gordon Brown

Whoops!

This is helicopter policy already. It is what happens when the Fed manouvres itself into such a dire position that it has to invoke the "unusual and exigent circumstances" clause of the Federal Reserve Act (Article 13, 3). Sadly, we must all put a ...

From AMBROSE EVANS-PRITCHARD, The Telegraph,  29 May 2008
Related Topics: Federal Reserve

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