The collapse in the currency has been so severe that Tokyo has started to threaten FX intervention once again, although judging by the sharp drop in the yen’s implied volatility recently, investment managers have not taken this threat seriously. Over in Japan, the yen has been blown to smithereens by the Bank of Japan’s refusal to tighten monetary policy. Yet, geopolitical risks are back on the radar, which poses a risk for currencies such as the euro that are geographically exposed to Russian developments. It seems that market participants are ignoring the mounting signs of political instability in Russia, as the worst-case scenario of a full-blown civil war has been avoided. Oil prices traded lower in the aftermath and safe-haven assets such as gold barely advanced, unable to attract any serious defensive flows.
The Russian ruble fell to its lowest levels since the Ukraine war started, but that was pretty much it. Geopolitical risks have clearly escalated, and yet, financial markets did not care much. In other words, Russia narrowly avoided a coup. Under this deal, Prigozhin would withdraw his soldiers in exchange for safe passage and immunity for the troops that participated in the armed uprising. What we do know is that the insurrection ended quickly, after the Wagner group and the Russian government struck a deal. This followed accusations from the group’s leader, Yevgeny Prigozhin, that the Kremlin had attacked his troops fighting in Ukraine via missile strikes. The Wagner group - a private mercenary army - started to march against Moscow on Saturday. Euro loses ground after soft business surveys, stocks drift lowerĪn armed mutiny in Russia over the weekend concluded without any bloodshed.
Yen remains close to its recent lows despite hawkish BoJ signals.Armed mutiny in Russia ends peacefully, yet gold trades quietly.
With sharp humor and her trademark candor, Ramsey shows readers we can have tough conversations that move the dialogue forward, rather than backward, if we just approach them in the right way.Īvailable from Hachette Audio as a digital download, and in Print and Ebook from Grand Central Publishing. WELL, THAT ESCALATED QUICKLY includes Ramsey's advice on dealing with internet trolls and low-key-racists, confessions about being a former online hater herself, and her personal hits and misses in activist debates with everyone from bigoted Facebook friends and misguided relatives to mainstream celebrities and YouTube influencers. In her first book, Ramsey uses her own experiences as an accidental activist to explore the many ways we communicate with each other-from the highs of bridging gaps and making connections to the many pitfalls that accompany talking about race, power, sexuality, and gender in an unpredictable public space.the internet. After a crash course in social justice and more than a few foot-in-mouth moments, she realized she had a unique talent and passion for breaking down injustice in America in ways that could make people listen and engage. Faced with an avalanche of media requests, fan letters, and hate mail, she had two choices: Jump in and make her voice heard, or step back and let others frame the conversation. But then her YouTube video "What White Girls Say. Or a commentator on identity, race, and culture, really. Franchesca Ramsey didn't set out to be an activist.
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