Search Results for: Russia
Currencies threatened by a credit crisis
February 15th, 2019
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, ...
Emerging market currencies fell with the dollar climbing to its highest in nearly two weeks
February 7th, 2019
Emerging market currencies fell on Wednesday with the dollar climbing to its highest in nearly two weeks as investors largely ignored U.S. President Donald Trump’s State of the Union address. Stocks were mostly flat. Concern over global growth continued ...
Trade wars – a catalyst for economic crisis
February 1st, 2019
In my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings ...
International trade in services: EU surplus up to over €190 bn
January 18th, 2019
The European Union (EU) surplus in trade in services, which had fallen between 2013 and 2016, increased to €191.8 bn in 2017. This is the result of EU exports of services to the rest of the world rising by ...
This country draws Japanese Bitcoin miners seeking profit
January 16th, 2019
A combination of cheap electricity and cold weather has started to draw a growing number of Japanese bitcoin miners to Mongolia, a country sandwiched between China to the south and Russia to the north. Amid falling mining revenues in ...
HSBC settles $250 billion on blockchain
January 16th, 2019
According to a press release sent by HSBC Bank to the Financial Times and published in the newspaper on 15th of January, it settles $250 billion of Forex trades on the blockchain during 2018. HSBC, an international banking giant, uses ...
The Tragedy Of The Euro
January 11th, 2019
After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The ...
Oil prices fall after 8% jump the day before
December 27th, 2018
Oil fell on Thursday after soaring 8% in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil ...
Moscow Exchange expects record euro vs rouble trading
December 19th, 2018
The Moscow Exchange expects a significant increase in trading between the currency pairs euro versus rouble and yuan versus rouble this year, amid a “de-dollarisation” policy, the head of the Moscow Exchange said on Tuesday. With the threat of ...
Some forecasters remain positive on oil prices and demand going into 2019
December 12th, 2018
Despite dramatic slides in the oil market, some forecasters remain positive on prices and demand going into 2019. A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 ...
