The US Treasury faces a more formidable prey with Russia, the world’s biggest producer of energy with a $2 trillion economy, superb scientists and a first-strike nuclear arsenal
The United States has constructed a financial neutron bomb. For the past 12 years an elite cell at the US Treasury has been sharpening the tools of [...]
Russia is at increasing risk of a full-blown financial crisis as the West tightens sanctions and Russian meddling in Ukraine pushes the region towards conflagration.
The country’s private companies have been shut out of global capital markets almost entirely since the crisis erupted, causing a serious credit crunch and raising concerns that firms may not [...]
With the 2008 financial crisis is still fresh in the mind of many investors, it would appear that the world is setting itself up for another collapse. However, this time it could be much worse.
A seven-year high
One of the root causes of the last financial crisis, was the use and availability of collateralised [...]
The revolution in Ukraine and Russia’s illegal annexation of Crimea have generated a serious security crisis in Europe. But, with Western leaders testing a new kind of financial warfare, the situation could become even more dangerous.
Politicians began to grasp the potential consequences of financial vulnerability only in 1907, when they faced a financial [...]
Low interest rates in the US and Greece are not a sign of recovery, but a warning of permanent stagnation, creating the potential for future ?nancial instability
It is now nearly seven years since the start of the ?nancial crisis, yet despite growing evidence in America and Britain of a return to relative normality, something [...]
While the Chinese Dream is ideal and serene, the Chinese Reality has the potential to be a nightmare. Recently, China experienced the embarrassment of its first junk bond default, which came on the heels of its first corporate bond default. In the coming months, a slew of Chinese bank trust products [...]
The eurozone debt crisis is deepening and threatens to re-erupt on a larger scale when the liquidity cycle turns, a leading panel of economists warned in a clash of views with German officials in Berlin.
“Debts above 130pc of GDP for Italy and 170pc for Greece are a recipe for disaster once we go into [...]
The world economy has not yet recovered from the last such implosion, and already we are on to another phase of unsustainable credit growth
As its name implies, the International Monetary Fund’s latest Global Financial Stability Report attempts to track developing risks within the financial system.
So the following statistic, contained in the report, should [...]
Many policymakers believe the worst is over, but is this just ‘groupthink’? And which warnings might the IMF miss this time?
The world of 2014 is not dissimilar to that of 2004. The boost provided by cheap money has got the global economy moving. Inflation as measured by the cost of goods and services [...]
Both France and Italy are getting close to the point at which the markets will begin to question their ability and willingness to deal with their deficits. Without serious action by the ECB, this situation has the potential to become quite unstable very quickly. But the lack of effort by France, at least by the [...]