Garth Friesen
When China builds a trade surplus, it accumulates dollars. And it has to do something with those dollars. That means its purchase of US dollar assets is non-discretionary unless it revalues its currency.
Some have started to fret the bond market is portending a recession. Not James McAlevey.
The Russian ruble suffered a second day of heavy selling and the government cancelled a regular bond sale amid geopolitical pressure.
Federal officials at their most recent meeting saw an economy growing at a strong pace and inflation moving up as well.
If the United States does strike Syria, as the president is clearly signaling, it should be part of a broader strategy rather than just a pinprick that will make us feel good about standing up to a murderous dictator but do nothing to change the situation on the ground.
A surge in one key short-term interest rate 10 years ago was a harbinger of a crisis that nearly broke the U.S. banking system. A similar jump this year will probably add billions to the industry’s bottom line.
OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency said on Friday, signaling that the markets could become too tight if supply remains restrained.
The language of morality tempts America into unnecessary and costly trade wars
