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Two Events That Will Determine Oil Prices
Two Events That Will Determine Oil Prices Two big events over the next two weeks will determine the trajectory for oil prices in the second half of the year. One of those events will take place in Japan, the other in Austria. U.S. President Donald Trump will meet Chinese President Xi Jingping on the sidelines […]
The Ghost of Christmas Present
The Ghost of Christmas Present Apparently one additional world leader turned up in Buenos Aires without fanfare this weekend. The General Secretary of the North Pole, known popularly as Santa Claus, took his latest-model hypersonic sleigh to the G-20 Meeting, and made sure that the global financial elite would find their Christmas stockings stuffed with […]
G20 and the financial war
G20 and the financial war This weekend, the G20 nations meet at Buenos Aires. The most important issue will be America’s use of trade policy, ostensibly to bring an end to China’s unfair trade practices. Rather, it could mark a significant milestone in the cold war against China and drive the global economy into a […]
Oil Prices Set To Book Worst Month In A Decade
Oil Prices Set To Book Worst Month In A Decade Oil prices dropped early on Friday, on course to finish their worst month since 2008, as fears of oversupply and slowing demand growth dragged oil down into a bear market in November with prices off by some 30 percent from four-year highs in early October. […]
G20 Summit, Top Agenda Item: Bye-Bye American Empire
G20 Summit, Top Agenda Item: Bye-Bye American Empire The G20 summits are nominally about how the world’s biggest national economies can cooperate to boost global growth. This year’s gathering – more than ever – shows, however, that rivalry between the US and China is center stage. Zeroing in further still, the rivalry is an expression […]
India Defies US, Signs $5.4BN Arms Deal With Russia Amid Promises Of Closer Ties
India Defies US, Signs $5.4BN Arms Deal With Russia Amid Promises Of Closer Ties In what amounts to Russia’s latest act of defiance against the US and its Western allies, and a sign that India is slowly moving away from the US sphere of influence, New Delhi has signed a $5.4 billion deal for the […]
Why Free Trade is Officially Dead
WHY FREE TRADE IS OFFICIALLY DEAD G20 Finance ministers meeting in Baden Baden last weekend agreed, on America’s insistence, to drop the long-standing commitment to free trade from the final communiqué. It is hard to know to what extent America’s position is driven by her autarkic view on world trade, or to what extent it […]
China Moves Forward with Its De-Dollarization Strategy
China Moves Forward with Its De-Dollarization Strategy The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance. Could gold also begin to emerge as a leading currency in world […]
Don’t listen to the ruling elite: the world economy is in real trouble
Don’t listen to the ruling elite: the world economy is in real trouble Andy Xie says those attending the G20, Davos and other wasteful meetings are wrong to try to pin the blame for the turmoil on people’s psychology; all signs point to a prolonged period of global stagnation and instability The G20 working group […]
The Pitfalls of Currency Manipulation – A History of Interventionist Failure
The Pitfalls of Currency Manipulation – A History of Interventionist Failure The G-20 and Policy Coordination Readers may recall that the last G20 pow-wow (see “The Gasbag Gabfest” for details) featured an uncharacteristic lack of grandiose announcements, a fact we welcomed with great relief. The previously announced “900 plans” which were supposedly going to create […]
The G-20s Big Fat Zero——Now Comes The Bubble’s Demise!
The G-20s Big Fat Zero——Now Comes The Bubble’s Demise! The tens of millions of taxpayer money wasted at the G-20’s Shanghai soirée had a silver lining. The assembled masters of world finance came up with a big fat zero on the coordinated global stimulus front. So doing, they essentially admitted that their money printing central banks are out of dry powder (“…but monetary […]
The FX Mexican Standoff
The FX Mexican Standoff Theodor Horydczak Lincoln Memorial 1925 There has been quite a bit of talk lately over the need for a new Plaza Accord, something several parties saw happening during this weekend’s G20 summit in Shanghai -hence the term ‘Shanghai Accord’-. (On September 22, 1985 at the Plaza Hotel in New York City, France, West […]
