The Russian economy has fallen into dire straits in recent days. While militarily Russia remains the match of the United States, the same cannot be said of its financial strength. Unlike unilaterally-driven development of military might, nurturing a nation's finances requires close cooperation between winners and [Read more]
The outrageous loss by the Democrats in the midterm elections that took place in the United States last week, and the consequent new ruling power in Washington, now that the Republican Party is completely in control of Congress with a Democratic president in the White House, will, without a doubt, impact two critical [Read more]
The global stock market has gotten increasingly unstable. In the United States, it’s nothing out of the ordinary anymore if the Dow Jones Industrial Average swings down more than $200 a day, and as a corollary to that, the Nikkei Index has fallen approximately 7 percent thus far this month.
A sense of wariness [Read more]
To say the least, there were practically no results to be seen at the G-20 Finance Ministers and Central Bank Governors meeting that drew to a close on Sept. 21.
The joint statement indicated that the world economy is facing growth that is "uneven," and "persistent weaknesses in demand." The problem is that there [Read more]
The global financial market can be threatened by an exodus of U.S. dollars. The Korean stock market has tumbled due to a pullout of U.S. capital. Other emerging markets have turned rocky due to the migration of funds.