The Fed’s Options

RGE’s Kevin Harris has a nice preview of the July FOMC meeting: in brief, FOMC members are locked and loaded, ready for a September hike, though they will refrain from committing to a move and do their best not to cause an overreaction across the yield curve, where too few hikes are priced in relative to the […]

The Crafty Saudis: How They’re Sustaining Low Oil Prices

The oil market continues to be oversupplied and barrel prices remain low. It’s mostly the Saudis’ doing, and its part of their strategy to replace OPEC with a new Global Corporate Oil Board. Their newest tactic is a boost in domestic refining and growth in their refined product exports. Where does everyone else stand, and […]

Europe must realize nations matter more than the euro

Someone had to make the point to the EMU leading lenders and the troika that they can’t take away a country’s right to be itself. I explained in 2012 in these pages that the EMU has always been an inherently undemocratic enterprise led by the continent’s elites, and that a real resolution to the euro […]

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