The Yellen Federal Reserve is more concerned about inflation taking off than the Bernanke Fed. If inflation moves up, the Yellen Fed will raise short term interest rates and slow the economy.
I have previously written about (here, for example) what I call economism, or excessive belief in the little bit that you remember from Economics 101. The problem is twofold. First, Economics 101 usually paints a highly stylized, … Continue reading →
A North Korean-flagged oil tanker appears to have loaded oil at the Libyan rebel held Es Sider oil terminal southwest of Benghazi and escaped Libyan Navy pursuit. Libya’s Parliament voted earlier in the day to remove Prime Minister Ali Zeidan from office for failure to stop rebels holding the eastern coast of Libya from exporting […]
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The disappearance in the Gulf of Thailand of Malaysia Airlines Flight 370 to Beijing, China after 2 hours 5 minutes of normal flight may have the trademarks of a terrorist attack against China by Al Qaeda.
Russia continues to move ahead with their military and political plans for the Crimea. Support from China and India seal the deal.
A joint investigation by the U.S. Department of Justice, Hong Kong Department of Justice and the UK Ministry of Justice into accusations that American investment banks hired the children of powerful Asian officials to secure lucrative securities business, may have just ensnared JPMorgan Chase CEO Jamie Dimon. According to confidential emails recently turned over to […]
Americans should not be surprised by US Assistant Secretary of State Victoria Nuland would say “F**k the EU” in a private cellphone call with US Ambassador to Ukraine Geoffrey Pyatt that was hacked by the Russians and posted on YouTube. But they should be outraged that after the disastrous failures of the Administration’s liberation theology gambits in Libya, Egypt, Iraq, Afghanistan and Syria; the Obama Administration on the eve of the Russian Olympic Games in Sochi would be caught actively be fomenting revolution in the former Soviet Union. By attempting to sabotage the Olympic debut of the Vladimir Putin’s newly rehabilitated Russia, Obama threatens to revive Cold War hatreds.
German Foreign Minister Frank-Walter Steinmeier announced on January 30th: “As correct as the policy of military restraint is, it must not be misunderstood as a culture of standing aside.”