Emerging market economies are heading for an economic implosion. From South America to South Asia conditions are deteriorating rapidly and heading for an even more severe economic crisis in which many are already mired. At…
Category: Economy
Year after year, decade after decade, Republicans in Washington have lectured the American people about the need for “welfare reform.” In the 1980s, Ronald Reagan railed against a fictitious “welfare queen” driving a Cadillac. Just a few…
The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced…
It seems that the Chinese leadership has concluded that the Trump Administration is determined to use its full spectrum radical leverage to hobble China as a rival, and to resurrect its own global domination –…
Amid concerns that the US decision to withdraw from Iran nuclear deal will lead to the loss of close to $40 billion in contracts for Boeing and Airbus, Russian airplane builders have a historic opportunity…
Russia has been discussing for some time the possibility of using national currencies to settle bilateral trade deals with Turkey, China and Iran, Russian Foreign Minister Sergei Lavrov said on a visit to the Turkish capital….
It is impossible for anyone who even occasionally visits the news to ignore just how dramatically the world has changed in the last 10 years. The epicentre of the crumbling world order that we have…
In recent months Russia, as some claim, “strenuously prepared for Putin’s meeting with Trump”. What does this mean? Firstly, in April the Central Bank of the Russian Federation dumped nearly a half of US Treasuries that it…
German automobile manufacturer BMW has announced new plans to produce more vehicles in China to avoid the trade tariff on US car imports imposed by China. BMW and Brilliance Automotive Group Holdings, which is based…
Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the…
