Tag Archives: Russia

Topics discussed in the report include: Support for a “strong leader” as opposed to checks and balances has increased in many countries. The share of households with flat or falling market incomes during the 2005-14 period has been around 65% in advanced economies, and 97% in Italy. In the preceding decade, it had been negligible. The Eurasia Group’s top ten risks for 2017: Independent America China overreacts A weaker Merkel No reform Technology and the Middle East Central banks get...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 30(see more posts on EUR/CHF, ) The EUR/CHF remained close the SNB intervention point of 1.07. - Click to enlarge FX Rates In exceptionally thin conditions that characterize the year-end markets, a reportedly computer-generated order lifted the euro from about $1.05 to a little more than $1.0650 in a few minutes early in the Asian sessions. Before European markets...

For us the Net National Savings Rate is the best alternative indicator to GDP growth. The Net National Savings Rate (NNSR) is rather positively correlated with the change in wealth, with the establishment of future productive capacity, the price of government bonds and currency valuations. The relationship of GDP growth to those four criteria, however, is often a negative correlation. We critized GDP growth that has...

Summary: TPP may be dead, but China is spearheading an alternative regional free trade deal. It is not as ambitious as the US-led TPP. China and Russia are eager to re-establish spheres of influence. The US election results delivered the coup de grace to the multilateral trade agreement called Trans-Pacific Partnership.  It was initially championed by the Obama Administration as a key pillar of its pivot to...

Summary: Oil has rallied 20% since mid-September. Market may be getting ahead of itself. US rig count has risen by more than 100 in less than 4-months and inventories, seasonally adjusted are at record highs. The price of oil has risen more than 20% over the past month. It is being driven by ideas that OPEC (and Russia) may implement a freeze or an output cut at the end of next month.  At the same time, US...

Another month, another OPEC meeting beckons for 2nd June. But unlike typical meetings on the Danube (let alone dust filled haze of Doha), the producer group might just have a new King in town. It comes in the form of Russia; the number one global producer that’s not even technically a member of the cartel. Confused? Don’t be. The argument is quite simple. Irianian and Russian Crude/Condensate Production Iranian and Russian Crude/Condensate Production – click to enlarge. Unlike...