When the Federal Reserve finally raises its interest rate target, it will be one of the most widely anticipated policy moves since the Fed responded to the global financial crisis. The impact on emerging markets, which have already begun to see reversals of the inflows of capital they received when yields in the U.S. were depressed, has [...]
Saudi Arabia is trying to strangle American shale oil. They’ve been going at it for months now, and American shale has resisted. Forced into greater efficiency, production is up and American producers look better equipped to face low prices in the future. The Saudis are a bit surprised, but the battle is far from over. [...]
A recent post by David Bailey and David Bookbinder on the Niskanen Center blog Climate Unplugged addresses a common Conservative criticism of unilateral climate mitigation efforts by the United States or other developed countries. As the critics point out, emissions from developing countries are expected to grow so rapidly that even if the US or [...]
The Greek crisis
What's going to happen to Greece and the eurozone?
After decades of international isolation, Iran is eager to enter its post-sanction era, while Washington is divided about Iran’s future and Brussels remains apprehensive. Recently, Peter Wittig, German Ambassador to the US, said that alternatives to a deal to curb Iran’s nuclear program are “not very attractive.” He added that Germany and other nations are [...]
Markets are edging closer to a crucial moment. Ultra low interest rates and quantitative easing have been ineffective in restarting growth and inflation. Instead, they have created asset price bubbles and distorted markets. Major instability across financial markets may result.