Inflation related to food prices are hitting almost every economy in the world, stressing local citizens in countries where the support for defending Ukraine is the highest. The end of the Grain Deal between Ukraine and Russia ended, and without a pause, Russia sent missiles into the Odessa Region targeting grain reserves meant for export […]
There are a few tricks to surviving an epidemic of Hyper-Inflation that some have learned in those countries that have suffered from it over the last few decades. Unfortunately, much of it involved being so wealthy that you are able to shift your assets overseas using professional services that are only available to few […]
Venezuela is closer than ever to a full-blown humanitarian crisis, with its population being unable to satisfy dietary requirements amidst a climate of hyperinflation and collapse of national productivity. The government, instead of formulating a clear exit strategy, is forcing supermarkets and consumer goods manufacturers to cut prices at severe losses, in a move that […]
Astronomical amounts of money are being spent on soccer (football) transfers. These days, no one is shocked at news of multi-million dollar signings.
Problems for Venezuela and its president Nicolas Maduro continue to mount as the country heads inexorably towards its collapse.
Writing on Brazil has become an exercise in futility. With the ever-accelerating tempo of political developments, predictions seem anachronistic within a week’s time.
Argentina’s economic policy change has been in line with market expectations so far. However, the country will not be able to avoid the adjustment process resulting from Macri’s aggressive reform agenda.
Chavez’s 21st century socialism has failed, pushing Venezuela to the brink of a major humanitarian crisis.
While the U.S. is inching closer to pre-crisis unemployment and GDP growth figures, the picture across the pond is much, much darker.
Editor’s Note: The following is a contributing guest piece. Saeed Ghasseminejad is the cofounder of the Iranian Liberal students and Graduates (ILSG) and the International Center for Liberalism Studies (ICLS). His work on economy and politics of Iran and the Middle East and has been published in CNBC, The Weekly Standard, National Post, International Business […]
The Bank of Japan, the country’s central bank governed by Haruhiko Kuroda, said the economy is showing signs of recovery after three months of inflationary policies, according to a New York Times article. The statement released Thursday was the first time the central bank has used the word “recovery” since the March 2011 quake/tsunami/nuclear […]
On the heels of South Korea‘s recent election, Japan has chosen new leadership as well. Well, not completely new. Shinzo Abe–who was prime minister for a brief term in 2006-7–of the Liberal Democratic Party will lead what he termed “a crisis breakthrough cabinet.” Described and right-wing, nationalist, hawkish, and outspoken, Abe has vowed to shore […]
What the decline of a hallowed institution says about Argentine politics, and why Chavez shares the blame. The Economist recently announced it will no longer publish inflation figures supplied by the Argentine government because of chronic underreporting of official figures—by half, according to just about every independent surveyor—and the politicization of INDEC, Argentina’s official statistics […]
Once again, inflation increased in China last month by more than economists expected, as rising commodity costs and inflows of capital threaten to overheat economies across Asia. China’s consumer prices rose 5.4% from a year earlier, the fastest pace since 2008, according to statistical reports coming out of China. Four interest-rate increases in China since […]
Amongst all the political upheaval in the Middle East and North Africa, with people rising against dictatorial regimes in Tunisia, Egypt, Libya, Yemen and elsewhere, this week China embarked on its annual legislative session. The legislative session of the National People’s Congress, which officially enacts legislation, will rubber-stamp the government’s 12th Five-Year-Plan (2011-2015), which was […]