Economics

613 Posts

Turning Points: The Status Quo Is Changing

Turning Points: The Status Quo Is Changing

The status quo is changing markedly. Oil prices are heading south as the United States ramps up production and OPEC refuses to cut to compensate. Moreover, global demand is looking sluggish with weakening growth in Europe, Japan, and China. The weakening of Chinese demand suggests that there could be a regime change taking place whereby the global driver of commodity demand is declining at precisely the moment when the expansion of global supplies is finally arriving. Read more

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Book Review: Money

Book Review: Money

In this provocative book that sheds light on the recurring — and potentially worsening — financial crises since the beginning of the floating-exchange-rate era in 1973, the authors propose a solution that calls for a return to stable currencies through a new version of the gold standard embodied in a bill currently pending in the US Congress. Read more

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Weekend Reads for Global Investors: Thanksgiving Jokes and a Holiday Book List

Weekend Reads

The best presents of the season so far came from central bankers in China and Europe. Last Friday, People’s Bank of China announced its first rate cut since 2012. European Central Bank (ECB) President Mario Draghi also hinted strongly at continued quantitative easing. Investors globally responded with a holiday cheer and promptly sent markets to new highs. Read more

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