2014

Sanctions because of the Crimean crisis have had less economic impact than private portfolio preference shifts. However, as Ukraine moves into the EU sphere, further actions against Ukraine could be more far-reaching. China has moved…

Ukraine BoE: Ukraine tensions could trigger 'material increase' in commodity prices – Telegraph If this tit-for-tatting escalates… | FT Alphaville "France looks mighty exposed, with $51bn potentially at risk. But that’s in absolute…

I’m doffing my cap to the researchers at Threadneedle Street for a new paper “Money creation in the modern economy,” which gives a truly realistic explanation of how money is created, why this really matters, and why virtually everything…

So finally we get to see what the Yellen Fed is all about. And it is not as dovish as people thought it would be.While the noises Yellen made concerning the jobs market came across as dovish, behind the scenes a more hawkish tone has…

News links for 20 Mar 2014

As Ukraine prepares to evacuate its military from Crimea, I believe we should look at upside scenarios in Ukraine. Most of my commentary to date has been focused on risk assessment. But the pullout of Ukraine from Crimea is the first major…

By Marc Chandler There has been sharp rise in US interest rates and the dollar in the immediate response to the Federal Reserve's statement. The key it seemed was the expectation that federal funds would be at 1% at the end of next year.…

Yesterday, I laid out what the annexation of Texas in 1845 might say about Vladimir Putin’s motives in Crimea. My conclusion, however, was that, whatever Putin’s motives, the Texas annexation tells us military confrontation was not to be…

News links for 19 Mar 2014

Marc Faber appeared on Bloomberg Television yesterday to discuss the Chinese economy. While Faber generally seems to be a long-term bull on China, he had some disquieting things to say about the extent of malinvestment in China due to the…