Suddenly, “De-Dollarization” Is A Thing
For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals
For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals
The rise of French far-right presidential candidate Marine Le Pen has made a lot of people nervous since, among many other things, she’s in favor
Inflation is back, thanks to the past few years’ exuberant borrowing and currency creation. Meanwhile, populist politicians are gaining traction in Europe, threatening both the
ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming
No rest for the wicked. With the shockwaves from Brexit and President Trump still reverberating around the world, the established order is bracing for more
In June the UK shocked the world – or at least the world’s elites – by voting to pull out of the European Union. Economists
It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal. Growth
You read that right. Not only is Italy selling 50-year bonds, but people are lining up buy them. Italy’s first 50-year bond sale had huge
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible
Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of
The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign
It’s just about official: With corporate sales and profits shrinking and consumer spending flatlining, the US economy will grow hardly at all this year while
Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European
The Bank of Japan and European Central Bank eased recently, which is to say they stepped up their bond buying and/or pushed interest rates further
ECB chair Mario Draghi delivered big-time this morning by announcing lower interest rates and a new round of debt monetization. Historically, this kind of thing
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