Vocabulary Bank

'attractive as / difficult as' — the classical inversion that concedes the bull case in one clause

the rules that decide whether the cash you have earned in a country can, in fact, leave it

the operational separation between monetary policy and the executive — the line whose crossing is often the concession that ends the recommendation

the extra return demanded on capital deployed in a jurisdiction whose institutions could turn on the investment

the possibility that a state will take a foreign-held asset — legally, politically, or by regulatory attrition

relocating production to allied jurisdictions, chosen by treaty rather than by unit cost

'however tempting / valuable / compelling' — the front-loaded concession that lets the refusal that follows read as considered

moving production back to the home market, usually at higher cost and lower geopolitical exposure

the refusal that reads as panic because it did not concede first

the multi-year slope of a country's institutional improvement, priced by investors long before it appears in the data

the readerly file to which reversal-without-concession pieces are quietly consigned

the set of legal prohibitions on transactions with a country, entity or person, updated more often than the market notices

the credit rating above which no company inside a country is normally allowed to trade

the admission of a previous view by date, which admits the author into the paragraph

the pre-agreed line below which a market's terms are no longer acceptable, protected by the concessive paragraph

the pre-agreed line below which a country's terms are no longer acceptable, however attractive the headline market is

'whatever the counter-party offers' — the concession that forecloses the argument that better terms would change the answer