US President Barack Obama has announced new economic sanctions against Russia, saying they will make Russia’s “weak economy even weaker”.
He said the co-ordinated actions of the US and European Union would “have an even bigger bite” on Russia’s economy.
The new restrictions include banning Americans or people in the US from banking [...]
Russia and the West appear to be moving ever closer to full economic warfare as U.S. and EU leaders prepare new and harsher sanctions on the Russian economy and Russian lawmakers discuss legislation that would give authorities in Moscow the ability to eject companies from Russia if they are headquartered in “aggressor nations” – defined [...]
‘Lienhard foreshadows that “[they] see these developments in the Ukraine not as an outlier, but as a preview of larger trends ahead for Europe.”‘
Looking at the chart above, you can see that there were socio-political crises in Russia following drops in the U.S. stock market — meaning that stocks are a leading indicator of [...]
Yet a Chinese crash might make 2008 look like a garden party. As the risks of one increase, it’s worth exploring how it might look. After all, China is now the world’s biggest trading nation, the second-biggest economy and holder of some $4 trillion of foreign-currency reserves. If China does experience a true credit crisis, [...]
The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.
Jaime Caruana, head of the Swiss-based financial watchdog, said investors [...]
Now imagine the world of the central scenario: Los Angeles and Detroit look like Manila – abject slums alongside guarded skyscrapers; the UK workforce is a mixture of old white people and newly arrived young migrants; the middle-income job has all but disappeared. If born in 2014, then by 2060 you are either a 45-year-old [...]
Today, we’re seeing asymmetric warfare play out by the book in Russia. As recently as last week, Putin advisor Sergey Glazyev stated the need for an anti-dollar alliance to counter perceived American aggression around the globe.
It is no secret that the United States is still the premier military superpower in the world. However, [...]
Arturo Bris, Professor of Finance at IMD Business School and Director of the World Competitiveness Center, predicts that a global economic crisis is likely and that not enough action is being taken to avoid it. Based on statistics, he said the world could expect a financial crisis as soon as April [...]
Forces that caused the world economy to collapse, including income inequality and debt, are again in action, and could drag corporations down in their wake
Our macro models at the Levy Economics Institute are showing that the US economy is about to face a repeat of pre-crisis-style, debt-led growth, based on increased borrowing. Falling [...]
China’s home buyers are being offered no-money-down purchases in an echo of the subprime lending that triggered a U.S. economic meltdown and the global financial crisis.
Deals skirting government requirements for minimum 30 percent down payments have emerged this year from Guangzhou and Shenzhen in the south to Beijing in the north as [...]