... It sounds like the name of a failed town in a Clint Eastwood western. We all live there now.
– The Wall Street Journal (2008)
In the past several weeks the world’s financial markets have re-entered into higher volatility mode as the ongoing trade dispute between the two largest economies is dashing hopes of speedy improvement in US-China relations. The uncertainty afflicting the markets is further exacerbated by the contradictions between the Trump camp and the Fed, with increasing trade ...
... new law authorizes the president to respond to anti-Russia sanctions in many ways. The main problem today is how to devise a strategy for its application and develop an effective policy of counteraction. A simple set of technical measures to restrict trade is unlikely to have a significant effect. What we need is a truly long-term vision of the problem and an equally long-term planning horizon for counter-sanctions.
The new law has upgraded the existing legal framework. Until quite recently, all Russian ...
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Implications of this deal abound, but they are largely negative. Aside from keeping Greece in the Eurozone for now, this agreement provides security to neither Athens or to Brussels. Regardless of the success or failure of the current bailout agreement, the European Union’s integration project will become more dysfunctional while there are few levers to effect change. The result is a lopsided monetary union with no economic parity among members and a strict political hierarchy—inevitably Greece ...