Will the energy crisis hit global economy harder than Covid?
Emergency reserves are cushioning the blow for now, but if Iran war drags on, shortages will quickly spread misery worldwide. Read More Here
Tag: reserves
America’s Greatest Enemy Isn’t China or Russia: Its $35 Trillion In Debt
With a $1.6 trillion deficit this year, $35 trillion in overall debt, and $1 trillion in interest payments this year, if the U.S. dollar is no longer the primary global reserve currency and there is suddenly a true rival to the U.S. currency, then the entire American financial system comes crashing down. Read More Here
The New Normal for Central Banks
The US Federal Reserve and the European Central Bank have made clear that they intend to roll back quantitative easing by reducing their bond holdings. But the other driver of central banks’ balance-sheet expansion for the past 15 years – the provision of abundant reserves to the financial sector – remains up for debate. Read […]
The Unfreezable Asset: Gold, Sanctions, And Russia
Can President Vladimir Putin’s gold hoard help the Russian economy to weather biting financial sanctions? Though there are limits to the yellow metal’s usefulness, it can function as an economic lifeline for an isolated economy. Read More Here
looking beyond borders 