SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: elmatador6/10/2018 7:25:51 AM
   of 13796
 
US companies repatriating profits held abroad has had an even bigger impact on emerging markets than the reduction of the Fed’s balance sheet which is being blamed by some monetary authorities abroad for the weakness of EM currencies

While the repatriation of U.S. corporations’ profits ... has drained those dollars held in banks abroad, causing dislocations in the global banking system. In essence, this shift has hampered the ability of foreign banks to expand their balance sheets, writes Steve Blitz, chief U.S. economist at TS Lombard.

He estimates U.S. corporations’ earnings held abroad fell at a seasonally adjusted annual rate of $632 billion in the first quarter, which he compared to the $160 billion SAAR of decline in the Fed’s securities holdings. Blitz opines this effect has had an even bigger impact on emerging markets than the reduction of the Fed’s balance sheet, which is being blamed by some monetary authorities abroad for the weakness of EM currencies

barrons.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News