My latest at the Huffington Post: http://www.huffingtonpost.com/european-horizons/should-the-imf-have-let-g_b_9303620.html
PIMCO (Pacific Investment Management Company) has a history of being a thought-leader in the financial industry, but their recently released insight–here–on the effects of central banks instituting negative interest rate policy (NIRP) is laughable. Continue reading Everyone, Act Natural!…and the Economy Will Too?
The Peterson Institute featured a blog post yesterday that highlights a very important point about China that traders and investors are missing. Despite all the concerns about an extreme devaluation, Continue reading Get ’em While They’re Cheap: It May Be Time to Buy into China
“Saudi Arabia Offers to Send Ground Troops to Fight ISIS”–This is further evidence that Saudi Arabia is not the least bit worried about the sustainability of its currency peg to the dollar of 3.75 riyal per dollar. Despite a 2015 budget deficit of a whopping 15% of GDP due to a decline in oil prices no longer seen as transitory, the kingdom is preparing for further military expenses. Continue reading But what about Saudi Arabia’s budget deficit?