From Record Highs to Equity Exodus amid Rising Global Risks

From Record Highs to Equity Exodus amid Rising Global Risks

photo: Nicolas Raymond This is the year of historical, elevated economic, political, strategic, and policy risks. Until recently, these potential perils were largely discounted in the market – but now the unease is evident and rising. Ostensibly, US markets are not far from their all-time highs. And yet, the most watched market indices reflect extraordinary unease […]

Advanced Manufacturing May Change the Rules of Economic Development

Advanced Manufacturing May Change the Rules of Economic Development

photo: Tecnalia As advanced manufacturing is about to accelerate in China, the rules of economic development could change across the world.  About a year ago, China’s State Council unveiled a national plan, “Made in China 2025,” which seeks to upgrade China’s manufacturing base. The ultimate objective is to transform China into the leading global manufacturing power […]

The Coming Revolution of Chinese Robotics

The Coming Revolution of Chinese Robotics

photo: Cory M. Grenier A few years ago, Chinese robotics market was dominated by foreign industry leaders. Today, China is the largest robotics market and about to become the leader in robotics production. The emerging robotics industry is booming in China. The move to advanced technology is aligned with the government plan – ‘Made in China […]

Iran’s Economy After the Sanctions Deal: Why the New US Hurdles?

Iran’s Economy After the Sanctions Deal: Why the New US Hurdles?

photo: Nicolas Raymond Today, the Iran nuclear deal is effective. Yet, Iran’s efforts to attract foreign investment and accelerate growth and prosperity face new hurdles, which seem to reflect Washington’s efforts to dent the agreement. Last January, the nuclear agreement between, Iran and the five permanent members of the UN Security Council (US, China, France, Russia, […]

Gold’s Bright but Bumpy Future

Gold’s Bright but Bumpy Future

photo: Michael Mandiberg Not so long ago, gold suffered the most challenging losses since 1999. According to conventional wisdom, US rate hikes will contribute to its further decline. If that’s the case, why did gold prices soar during the last quarter? At the turn of 2015, gold was driven by the broad commodity sell-off, especially the […]

US 2016 Election Is a Global Risk

US 2016 Election Is a Global Risk

photo: PID As America is struggling amid a historical protest election, the political risk could undermine US economic rebound and the lingering global economic recovery. Europe will be least immune to spillovers, says Dan Steinbock. Currently, the leading Democratic presidential candidates, former Secretary of State Hillary Clinton and Vermont Senator Bernie Sanders, are approaching the […]

China’s Downgrade and the Case for Global Ratings Reforms

China’s Downgrade and the Case for Global Ratings Reforms

photo: PID In March, the leading credit agencies cut their outlook for China’s sovereign credit rating from stable to negative. If the decision was warranted, it may also be time to reassess the current ratings of most advanced economies and accelerate global ratings reforms. Standard & Poor’s (S&P) downgrade followed a similar measure earlier in […]

A Tale of Three Disney Cities in Asia

A Tale of Three Disney Cities in Asia

As Hong Kong’s Disneyland is suffering from losses, Tokyo Disneyland is expanding by debt. Shanghai’s Disneyland is the new regional trendsetter. In 2014, the worldwide attendance growth in the top-10 theme park groups exceeded 5 percent. These conglomerates – including Disney, Merlin, and Universal – had more than 392 million visitors. In the postwar era, […]

The End of Europe (As We Know It)?

The End of Europe (As We Know It)?

As the Eurozone is amid secular stagnation, its old fiscal, monetary and banking challenges are escalating, along with new threats, including the Brexit, demise of Schengen, anti-EU opposition and geopolitical friction. According to Dan Steinbock, Brussels can no longer avoid hard political decisions for or against an integrated Europe, with or without the euro. Since […]

The Struggle for Brazil- and Against the BRICS

The Struggle for Brazil- and Against the BRICS

While international media focuses on Brazil’s mass demonstrations against corruption, efforts behind the façade precipitate regime change, restoration of a pre-Lula order, and a struggle against the BRICS nations. The U.S. feels threatened by an era of multipolarity, which deeply implicates China, and other emerging economies. In August 2016, Rio de Janeiro should host South […]

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