In response to Russia’s invasion of Ukraine, the U.S. and other Western economies deployed a set of powerful financial weapons against Russia with remarkable speed.
On the 20th anniversary of creation of the single currency, Europe seeks to challenge the USD’s dominance in the global financial system.
The exchange rate between the Euro and the U.S. dollar has been going through something of a roller coaster ride the last few years. After having strengthened from $1.18 in 1999 to $0.83 in 2002, the Euro then appreciated...
As I have argued, Ray Dalio also believes that inflation is not just around the corner…yet. In my view, consumer price inflation is cyclical and therefore not embedded, but deflation is secular. That makes a big difference...
OK, let’s go through this one more time. Despite what we keep hearing from the politicians and moneymen, things are not getting better. Yes, we have seen the economic equivalent of a dead cat bounce — how...