By Michael Snyder After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic … Continue reading
A long-distance cargo train has traveled from China to Iran as part of an attempted revival of the ancient Silk Road, a trans-Asian trade route connecting the east to Europe and the Mediterranean Sea. The 32-container train, which arrived in Tehran on Monday, took 14 days to complete the 6,462 mile (10,399km) journey from China’s … Continue reading
By Michael Snyder If the global economy is in fine shape, then why does all of the hard data tell us that global trade is absolutely collapsing? The Baltic Dry Index has fallen below 300 for the first time ever, and export numbers are way down for almost every major exporting nation on the entire … Continue reading
By Ante Batovic Devaluation is the word of the day in oil exporting countries. Whether it is the Nigerian naira, the Venezuelan bolívar, or the Russian rouble, low oil prices are wreaking havoc in oil exporting economies and on their national currencies. In most cases the scenario is similar: over the past decade, oil exporting countries … Continue reading
By James Eugene It’s official. Global stocks have now entered bear market territory, with some of the world’s largest equity markets experiencing mass selloffs. Amid all of the commotion, there have been a few emerging and frontier markets that have so far been defying the global downturn. 1. Kazakhstan: +6.30% Despite being bombarded with currency and oil troubles, Kazakhstan’s … Continue reading
The “war on cash” is nothing new and seems to be gaining traction around the globe with each passing day. The war on cash is being waged on every continent and in nearly every country — in one way or another — as cash payments are being regulated, restricted, or phased out. In January, Norway jumped aboard the cashless society agenda with DNB, the … Continue reading