Dumping U.S. bonds is not really an option for any country holding major positions. To the extent that the number of bonds the United States sells is a problem—and it is a problem—it is not because it gives others leverage over America. It is because it is reflective of decades of out-of-control spending, which must […]
Amid Russia’s economic woes, billions of dollars continue to disappear in offshore havens. The net outflow of capital from Russia reached $32.6 billion during the first quarter of 2015, according to the nation’s Central Bank. Read Here – Eurasianet
If proverbial Martians descended on Earth and toured America’s crowded shopping malls, traveled its congested highways and sampled its technological marvels — from the many cable channels to ubiquitous smartphones — these visitors would be hard-pressed to describe the United States as poor or its economy as failing. The truth is that, even in its […]
looking beyond borders 