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Monday, November 09, 2015

Renminbi SDR Announcement on November 30th

http://philosophyofmetrics.com/renminbi-sdr-announcement-on-november-30th/

  1. The IMF will implement a bypass of the US Congress and Plan B quota and governance reforms by December 15th.
  2. The Fed is targeting an interest rate increase on December 16th.  The odds of such an increase is building.
  3. The start of the AEC trade agreement begins on January 1, 2016.
The addition of the RMB to the SDR will correspond with interest rate increases as the whole international monetary system begins to shift towards the multilateral.
Readers are recommended to read the following posts to gain further insight on the relationship between interest rates, USD depreciation,

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