Meanwhile in a universe in which pretend money called 'stocks' has value that is not related to anything in the physical world.
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Jakarta, Manila Lead Recent Rebound in Emerging Asian StocksFollowing a tumultuous period of trade disputes and currency weakness, some emerging markets in Asia have rallied in recent months. They have been boosted by dovish comments from Federal Reserve Chairman Jerome Powell and a temporary U.S.-China trade truce.
Source: WSJ - 🏆 98. / 63 Read more »
As Fed Fuels a Global Rally, Asian Currencies Lag BehindThe Federal Reserve has signaled it is in no rush to raise interest rates further, pushing down the dollar and ushering in new-year rallies in emerging-market currencies, global stocks, and corporate bonds. Asian foreign-exchange markets didn’t get the memo.
Source: WSJ - 🏆 98. / 63 Read more »