Dollar Mixed while Stocks Slide to Begin Last Week of Q3

Dollar Mixed while Stocks Slide to Begin Last Week of Q3

The US dollar is narrowly mixed.  The euro, yen and Swiss franc are higher, while the dollar-bloc and sterling are softer.  The moving element here is not so much the greenback, which serving more as a fulcrum, but idiosyncratic, country-level developments. The yen is the strongest of the majors. The dollar was turned back from above JPY101 and is now […]

Overcoming the Second Steel Crisis

Overcoming the Second Steel Crisis

  photo: David Clow Today, advanced economies blame China for steel overcapacity. In reality, four decades ago Washington and Brussels opted for bad policies, which China seeks to transcend. In the G20 summit in Hangzhou, some world leaders had harsh words for China’s steel overcapacity. Before the summit, President Barack Obama was urged by US lawmakers, […]

Crash Course Part 3: The Age of Stagnation?

Crash Course Part 3: The Age of Stagnation?

photo: Ken Teegardin There are now three possible scenarios for the global economy and financial markets. The first is the Lazarus economy, where the strategies in place lead to a strong recovery. The US leads the way. Europe improves as the required internal transfers and rebalancing takes place with Germany accepting debt mutualisation to preserve the […]

Crash Course Part 2: Crisis Triggers

Crash Course Part 2: Crisis Triggers

photo: Flood G. Triggers There are a number of potential triggers to a new crisis. The first potential trigger may be equity prices. The US stock market runs into trouble. A stronger dollar affects US exports and foreign earnings. Emerging market weakness affects businesses in the technology, aerospace, automobile, consumer products and luxury product industries. Currency […]

Why Gazprom is Losing Markets?

Why Gazprom is Losing Markets?

photo: Ricardo Cabral Fares Kilzie – CREON Energy, Chairman of the Board of Directors Kirill Rodionov – IndexBox Marketing, Oil&Gas Analyst This summer, Alexey Miller began his fourth tenure as Gazprom’s CEO. In February, he was reelected without a dissenting vote by the company’s board of directors. That was hardly a surprise; Miller is trusted by Vladimir […]

Crash Course Part 1: The Problems of Overvalued Assets & High Debt

Crash Course Part 1: The Problems of Overvalued Assets & High Debt

photo: pixabay In economics and finance, over-valued assets and excessive debt levels generally do not lead to happy endings Nutty Shares… Over the last 5 to 6 years, mispricing of assets has reached epidemic proportions. Global equities prices have increased strongly. Sell side analysts anticipate further gains, arguing that the falls of August 2015 and […]

Derisking Threatens Caribbean Banking Sector and Trade

Derisking Threatens Caribbean Banking Sector and Trade

Allan Wright, country economist for The Bahamas at the Inter-American Development Bank, discusses the impact of derisking strategies on the Caribbean: Q: What is derisking? A: Derisking is the termination of or the restriction of business relationships to avert risk related to money laundering and terrorist financing, according to a definition by the Financial Action Task Force (FATF), […]

Monetary Exhaustion Means Rising Gold Prices

Monetary Exhaustion Means Rising Gold Prices

As non-traditional monetary policies in advanced economies are likely to eclipse, investors will increasingly turn to gold to hedge their portfolios. Around mid-April, when the price of gold was still about $1,290, I made a contrarian projection that gold had a bright, though bumpy future. Since then, gold price has climbed to $1,365 – which […]

Venture Capital: Driving Economic Growth

Venture Capital: Driving Economic Growth

Startups and scale-ups create the vast majority of jobs in the formal economy, providing, on average, 66 percent of jobs worldwide and the greatest share of jobs in low-income countries. Moreover, small and medium-sized enterprises are important not just for job creation, but also for economic growth, thanks to their outstanding capacity to increase productivity […]

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