AFTER giving a speech at a business conference in London a young analyst chatted with investment executives in the audience, then followed two of them to a nearby hotel lobby. Over glasses of Chablis the executives raved about their company’s worldwide network of extravagantly decorated offices and their fat annual bonuses. Then they offered the […]
In case you were wondering, this is what an economy dying looks like. More specifically, it’s what a currency dying looks like. It turns out the latter implies the former, as Iran is quickly finding out. The chart below compares the official and black market exchange rates between the Iranian rial and the U.S. dollar. […]
The first outbreak of public anger over Iran’s collapsing currency and other economic maladies jolted the heart of the capital on Wednesday, with the riot police violently clamping down on black-market money changers, hundreds of citizens marching to demand relief and merchants in the sprawling bazaar closing their shops in protest. Read Here _ The New […]
looking beyond borders 