money

Public debt levels are rising throughout the developed world, with economies bordering on stagflation as politicians prefer short-term giveaways to long-term fixes. Since the turn of the century, the amount of public debt relative to gross domestic product (GDP) in developed economies has surged to highwater marks not seen since the turmoil of World War […]

  On 18 October 2024, the following commentary was in Bloomberg News:   For Wall Street skeptics and diehard members of Team Recession, there’s always some evidence to support their grim prognostications. And while they’ve been proven wrong time and again by an effervescent US economy, right now equity valuations are indeed stretched, corporate bond […]

  Once driven by market forces, China’s stock market now serves as a strategic instrument in a tightly controlled mixed economy. Under previous administrations, there was a notable push toward pro-market reforms, which allowed for a degree of responsiveness to global financial trends. However, with President Xi Jinping at the helm, the landscape has changed. […]

  Gold has been making headlines in the financial press for quite some time now, thanks to its stellar performance. Since October 2023, the price of gold has been making robust gains, hitting an all-time high of $2,480 per ounce on July 17. This is a significant jump from its previous record of $2,075, set […]

  European nations have never been able to develop a credible joint military capability. In 1954, France torpedoed the attempt to establish the European Defense Community (outlined in the 1952 Treaty of Paris), and NATO has remained the only common defense umbrella. It is based on American resources and equipment plus American, French and British […]