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Russia Submits 1.2 Million Sq Km Arctic Claim To UN … This Time Including The North Pole
“Russia made a new bid Tuesday for a huge swath of Arctic territory — including the North Pole — putting Canada in the position of potentially having to negotiate with the country to settle overlapping claims,” Montreal Gazette reports. According to the news agency: Canada, Russia, the U.S., Denmark and Norway have all been trying to … Continue reading
Roubini: The Negative Way to Growth — Why Are So Many Investors Willing To Lose So Much Money?
By Nouriel Roubini Monetary policy has become increasingly unconventional in the last six years, with central banks implementing zero-interest-rate policies, quantitative easing, credit easing, forward guidance, and unlimited exchange-rate intervention. But now we have come to the most unconventional policy tool of them all: negative nominal interest rates. Such rates currently prevail in the eurozone, Switzerland, … Continue reading
Global Debt Has Soared By $57 Trillion Since The 2007-08 Financial Crisis
Global debt has soared by $57 trillion since the outbreak of the financial crisis in 2007, with the debt to GDP ratio jumping to above 500 percent in Japan. This raises questions about financial stability and poses a threat of another crisis. “After the 2008 financial crisis and the longest and deepest global recession since … Continue reading
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