#marketlove

[frommemetoyou]

5 of the Best Markets in

Experience the epitome of English charm at these top 5 markets that are sure to delight and inspire.

[bhaktibear]

Outdoor Market, Santa Fe, New Mexico, USA. Discover the vibrant colors and rich culture of Santa Fe's enchanting outdoor market. Get inspired by this hidden gem in New Mexico, USA.

[anomolie-themes]

Marrakech markets

Unveil the secrets of Marrakech markets, a tapestry of colors, scents, and sounds that ignite your senses. Embrace the firm beauty of this ancient trading hub and lose yourself in its enchanting labyrinth.

[ftlukens]

Outdoor Market, Santa Fe, New Mexico, USA.

Discover the vibrant colors and rich culture of Santa Fe's enchanting outdoor market. Get inspired by this hidden gem in New Mexico, USA.

[marbellatarot]

The best Milan street markets, one for each day of the week! Embark on a week-long adventure of unearthing Milan's most extraordinary street markets. Indulge your senses in a treasure trove of gastronomic delights, fashion finds, and artistic wonders. Uncover the essence of the city, one market at a time.

[egertoon]

The best Milan street markets, one for each day of the week! Immerse yourself in the captivating spirit of Milan with our curated list of the city's top street markets. Delight in a daily dose of authentic Italian culture and craftsmanship as you stroll through these hidden gems.

[consuetudinari0]

“GET READY FOR A WORLD CURRENCY”

Title of article: Get Ready for the Phoenix

Source: Economist; 01/9/88, Vol. 306, pp 9-10

THIRTY years from now, Americans, Japanese, Europeans, and people in many other

rich countries, and some relatively poor ones will probably be paying for their shopping

with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's

say, the phoenix. The phoenix will be favoured by companies and shoppers because it

will be more convenient than today's national currencies, which by then will seem a

quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for

eventual monetary union proliferated five and ten years ago, but they hardly envisaged

the setbacks of 1987. The governments of the big economies tried to move an inch or two

towards a more managed system of exchange rates - a logical preliminary, it might seem,

to radical monetary reform. For lack of co-operation in their underlying economic

policies they bungled it horribly, and provoked the rise in interest rates that brought on

the stock market crash of October. These events have chastened exchange-rate

reformers. The market crash taught them that the pretence of policy co-operation can be

worse than nothing, and that until real co-operation is feasible (i.e., until governments

surrender some economic sovereignty) further attempts to peg currencies will flounder.

But in spite of all the trouble governments have in reaching and (harder still)

sticking to international agreements about macroeconomic policy, the conviction is

growing that exchange rates cannot be left to themselves. Remember that the Louvre

accord and its predecessor, the Plaza agreement of September 1985, were emergency

measures to deal with a crisis of currency instability. Between 1983 and 1985 the dollar

rose by 34% against the currencies of America's trading partners; since then it has fallen

by 42%. Such changes have skewed the pattern of international comparative advantage

more drastically in four years than underlying economic forces might do in a whole

generation.

In the past few days the world's main central banks, fearing another dollar

collapse, have again jointly intervened in the currency markets (see page 62). Marketloving ministers such as Britain's Mr. Nigel Lawson have been converted to the cause of

exchange-rate stability. Japanese officials take seriously he idea of EMS-like schemes

for the main industrial economies. Regardless of the Louvre's embarrassing failure, the

conviction remains that something must be done about exchange rates.

Something will be, almost certainly in the course of 1988. And not long after the

next currency agreement is signed it will go the same way as the last one. It will

collapse. Governments are far from ready to subordinate their domestic objectives to the

goal of international stability. Several more big exchange-rate upsets, a few more

stockmarket crashes and probably a slump or two will be needed before politicians are

willing to face squarely up to that choice. This points to a muddled sequence of

emergency followed by a patch-up followed by emergency, stretching out far beyond

2018 - except for two things. As time passes, the damage caused by currency instability

is gradually going to mount; and the very tends that will make it mount are making the

utopia of monetary union feasible.

The new world economy

The biggest change in the world economy since the early 1970's is that flows of money

have replaced trade in goods as the force that drives exchange rates. As a result of the

relentless integration of the world's financial markets, differences in national economic

policies can disturb interest rates (or expectations of future interest rates) only slightly,

yet still call forth huge transfers of financial assets from one country to another. These

transfers swamp the flow of trade revenues in their effect on the demand and supply for

different currencies, and hence in their effect on exchange rates. As telecommunications

technology continues to advance, these transactions will be cheaper and faster still. With

uncoordinated economic policies, currencies can get only more volatile.

Alongside that trend is another - of ever-expanding opportunities for international

trade. This too is the gift of advancing technology. Falling transport costs will make it

easier for countries thousands of miles apart to compete in each others' markets. The law

of one price (that a good should cost the same everywhere, once prices are converted into

a single currency) will increasingly assert itself. Politicians permitting, national

economies will follow their financial markets - becoming ever more open to the outside

world. This will apply to labour as much as to goods, partly thorough migration but also

through technology's ability to separate the worker form the point at which he delivers his

labour. Indian computer operators will be processing New Yorkers' paychecks.

In all these ways national economic boundaries are slowly dissolving. As the

trend continues, the appeal of a currency union across at least the main industrial

countries will seem irresistible to everybody except foreign-exchange traders and

governments. In the phoenix zone, economic adjustment to shifts in relative prices would

happen smoothly and automatically, rather as it does today between different regions

within large economies (a brief on pages 74-75 explains how.) The absence of all

currency risk would spur trade, investment and employment.

The phoenix zone would impose tight constraints on national governments. There

would be no such thing, for instance, as a national monetary policy. The world phoenix

supply would be fixed by a new central bank, descended perhaps from the IMF. The

world inflation rate - and hence, within narrow margins, each national inflation ratewould be in its charge. Each country could use taxes and public spending to offset

temporary falls in demand, but it would have to borrow rather than print money to

finance its budget deficit. With no recourse to the inflation tax, governments and their

creditors would be forced to judge their borrowing and lending plans more carefully than

they do today. This means a big loss of economic sovereignty, but the trends that make

the phoenix so appealing are taking that sovereignty away in any case. Even in a world of

more-or-less floating exchange rates, individual governments have seen their policy

independence checked by an unfriendly outside world.

As the next century approaches, the natural forces that are pushing the world

towards economic integration will offer governments a broad choice. They can go with

the flow, or they can build barricades. Preparing the way for the phoenix will mean

fewer pretended agreements on policy and more real ones. It will mean allowing and

then actively promoting the private-sector use of an international money alongside

existing national monies. That would let people vote with their wallets for the eventual

move to full currency union. The phoenix would probably start as a cocktail of national

currencies, just as the Special Drawing Right is today. In time, though, its value against

national currencies would cease to matter, because people would choose it for its

convenience and the stability of its purchasing power.

The alternative - to preserve policymaking autonomy- would involve a new

proliferation of truly draconian controls on trade and capital flows. This course offers

governments a splendid time. They could manage exchange-rate movements, deploy

monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation

with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix

for around 2018, and welcome it when it comes.

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[russellembruncan]

Posted @withregram • @theplantedarrow We have our first hiccup of the season and we’ll not be hosting our Mother’s Day Market! MEANS JUNE WE WILL BE BACK BIGGER AND BETTER!! One day this will happen and it will be a wild weekend at the flowers shop 🌺💕 Thanks to all the vendors riding the wave with us. Your support is amazing. We will continue to post our vendors and appreciate your continued support of them. Like a page and maybe share it 😊 #smallhiccup #backbiggerandbetter #marketlove #gardenpartymarket #shoplocal #theplantedarrow #artisans https://www.instagram.com/p/COG1_gLF_cI/?igshid=1d60mqaoe8w87

[krugan]

Long time ago, when cartoons were all that mattered - one famous one had kids biting their faces into some ovalish pumpkins. I had never seen such a delicious pumpkin especially when eaten raw. Also our TV was black n white so I was never certain what those kids were feeding on. It's like Ed Edd n Eddy lied to us about the size of jawbreakers! Fast forward to this day when I was a little grown up, somewhere in Nairobi. I had my first bite of the red on the inside pumpkin. The smell was very foreign, the taste was like a lil bit of salted sugar. I'm all grown / and the sourness has turned to sweetness alone. #watermelon #marketlove #phonephotography #shotoniphone #fruit (at Kawangware 46) https://www.instagram.com/relentlesskrugs/p/BvQ5x23A0dw/?utm_source=ig_tumblr_share&igshid=1tfqvsoxmw95u

[r-starbucks-blog]

Market tour😋食べ物ばっかになってた🤣イースター限定のがあって可愛い😆結局買ったのはチョコレートだけ🍫 market来る買ってお金使ってしまうのは何故だろう🤔 * * * #londonmarket #boroughmarket #southbankmarkets #londonmarketlovers #marketlovers #markettour #foodmarket #london #photography #discoverlondon #londonpics #londonphotography #canon #londonlovers #londonlife #lovelyweather #happyeaster #写真好きな人と繋がりたい #写真撮る人と繋がりたい #カメラ撮る人と繋がりたい #カメラ好きな人と繋がりたい #ファインダー越しの私の世界 #キリトリセカイ #バラマーケット #ロンドン #ロンドン生活 (London, United Kingdom) https://www.instagram.com/r_starbucks/p/BwcU_1nHNL5/?utm_source=ig_tumblr_share&igshid=tkg6qmvkfpn2

[kumarbaldev26]

#marketclosingsummary #dailyupdates #kumarbaldev26 #tradingforliving #marketlovers (at Kumar Baldev Mishra) https://www.instagram.com/p/CVnlpdJvMr5/?utm_medium=tumblr

[curious-rabbit-photography]

Last Wednesday night at the Queen Victoria Night Market #queenvictorianightmarket 😜 #fujifilm #fujifilmaus #fujifilmaustralia #fujifilmxt3 #fujifilm23mmf2 #fujifilm_xseries #fujifilmglobal #melbourne #nightmarket #food #melbonpix #melbournepix #melbourne_insta #blackandwhite #marketlover #foodmarket https://www.instagram.com/p/BveCiOpgPLB/?utm_source=ig_tumblr_share&igshid=1u9pp7ub2cnfj

[hotelself]

#shoppingnaples Between famous brands and markets! The recommended streets for #shopping are #viatoledo where you can find great deals at low cost. The near #viachiaia is a characteristic street full of shops that blend high tailoring and shopping accessible to everyone. The elegant #viadeimille with numerous boutiques of the most #famousbrands for #luxuryshopping ✌🏻 For #marketlovers we suggest #viapignasecca a very folkloric market where you'll find stalls with all kinds of food, clothes and accessories at very affordable prices. For #vintagelovers we recommend the Posillipo Market you can also find designer dresses, shoes, accessories . Best deal for your stay in Naples 👉🏻www.hotelself.it #hotelself #followtofollow #followers #likeforlikes #likeforfollow #traveltonaples #napleslovers #travelblogger #shoppingonline #lovetravel #travelagency #touroperator #naplesitaly (presso B&B Dimora SanFelice) https://www.instagram.com/p/BsLEwyKFadc/?utm_source=ig_tumblr_share&igshid=73iatfyyvq94

[cephasvic]

Ahhh..wish I was there again😜miss those street scenes and love them food👌🏻😝👍🏻 .•. .•. .•. Double tap💕♥️and Follow Me 💪🏻😝👍🏻 .•. .•. .•. .• Join me in my culinary adventures 👉🏻👉🏻👉🏻@cephasvic 👋🏻😝👍🏻for more mouth watering vids & pics of culinary feasts 👍🏻.• .•If you like ♥️@cephasvic 🕺🏻 turn 🔛post notifications so you won't miss a post😋.• .•. .•. .•. .•👇🏻tag your friends👇🏻.• @te.one .•. .•. .•. ✌🏻🎶🔥👊🏻😝👌🏻💪🏻😝👍🏻🔝💯💯💯💞♥️ Awesomeness courtesy of the talented @te.one #Repost @te.one (@get_repost) ・・ #Nanning #chinastreetfood #foodstagram #marketlover #delicatessen #ostrichegiganti #foodporn #bbqtime #wildfood #foodtrotter #gnamgnam#china #streetfood #streetstyle #street #instalike #instadaily #instafollow #instavideo #foodporn #foodgasm #nyc #tokyo #tokyofoodie #japan #zagat #top (at Nanning Shi, Guangxi, China)

[visitkagoshima]

Chilling out sunny Saturday market at the River front marche. 天気も良くて、川べりで遊びに行くのは絶好の日でした。 #リバーフロントマルシェ #薩摩川内市 #鹿児島 #マルシェ #鹿児島イベント #川辺 #riverfrontmarche #saturdaymarket #riverfront #marketlove #japantrip #visitkagoshima #sendairiver #satsumasendai (川内川河川敷) https://www.instagram.com/p/BqAVAV3HG48/?utm_source=ig_tumblr_share&igshid=i6wwgr8uapie

[nanochronicles]

#driedshrimps #weighingscales #marketscenes #saturdaymorning #market #markets of #Kerala #marketlove #foodphotography #foodculture (at Pathanamthitta പത്തനംതിട്ട पत्तनमतिट्टा)