Many casual readers of the financial press will have learned a new term in the past few days: the “carry trade”. This is the culprit for the rollercoaster state of markets, many market commentators and journalists have opined. Indeed it also played a role in kicking off the credit crunch and resulting global financial crisis […]

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Bubbles last until they feel like fundamentals, and until last week, investors believed that tech stocks could only head up and the Japanese yen could only head down. By Monday’s market opening, investors cowered for shelter as the two bubbles popped in unison. The Biden administration in Washington and the Kishida government in Tokyo both […]

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Australia’s nickel industry has been granted access to billions of dollars in federal funding as well as relief from royalty payments after a collapse in the global price of nickel that threatens thousands of jobs. On Thursday (February 15), BHP wrote down the value of its West Australian nickel division Nickel West to zero and […]

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SEOUL – The storm took a weekend to cross the Pacific, but it made landfall nonetheless: On Monday (August 29), Asian markets were hit by the same tempest that pummeled US markets late Friday. On that day, US Federal Reserve Chairman Jerome Powell had shifted the tectonic plates in a highly-anticipated speech to central bankers […]

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