Russia’s Exports Continue to Defy Sanctions

Russia is winning its war of attrition against aggressive U.S. sanctions policy. Diplomatically, Russia is winning on all fronts, finding positive solutions through its abundant energy reserves to open gaps in relationships hat have been frozen in geopolitical amber for two generations. The latest balance of trade data from Rosstat tells the tale. Russia continues … Continue reading Russia’s Exports Continue to Defy Sanctions

Energy Dominance Isn’t Just a Trump Obsession

Energy Dominance should be the catchphrase of the day. It's on the minds of every political figure, and the focus of every economy. This is especially true of those vulnerable to a change in the status quo, namely Saudi Arabia. While some continue to believe the gyrations of the oil market over the past few … Continue reading Energy Dominance Isn’t Just a Trump Obsession

Trump Betrays MAGA Over Venezuela

The U.S. backed a coup in Venezuela that has failed. And President Trump was the architect of it. This is a farce surrounding an intrigue contained within a tragedy. What has happened in Venezuela is tragic. Nicolas Maduro is a comical figure straight out of central casting for a South American leader of a junta. … Continue reading Trump Betrays MAGA Over Venezuela

5G, Huawei and Us — The U.S. Hates Competition

While no one, including me, doubts that the intensity of corporate espionage that goes on in the tech industry the latest news in the Trump Administration's assault on Chinese telecom giant Huawai should dispel any doubts as to what the real issue is. The Trump administration is preparing an executive order that could significantly restrict … Continue reading 5G, Huawei and Us — The U.S. Hates Competition

Euro Gold Ratio is a Canary in the Monetary Coalmine

For weeks I've been telling my subscribers that something changed in the gold market. Since Donald Trump's election there was a pretty clear pair trade between the U.S. dollar and gold. And that trade was most manifested in the price of gold in euros. During last summer gold experienced its worse (in terms of time) … Continue reading Euro Gold Ratio is a Canary in the Monetary Coalmine

Political Nightmares Multiply for Europe Ahead of Davos

Europe's dreams of integration are slipping away as the people wake up from the nightmare erected for them. As we approach Act IX of the Yellow Vest protests in France and the threats of creating bank runs we get the news that both Presidents Trump and Macron will not be attending the convocation of globalists … Continue reading Political Nightmares Multiply for Europe Ahead of Davos

A Stable Ruble is the Key to Russia’s Survival

The Russian ruble moved sharply this week as the global equity and commodities rout continues in the wake of the Federal Reserve raising interest rates. Russia's central bank over-reacted to a rise in inflation as the global economy moves towards a chaotic and politically dangerous 2019. Oil prices are moving in sync with equities as … Continue reading A Stable Ruble is the Key to Russia’s Survival

Inflation Targeting Madness: Russia Raises Rates Again

I continue to wonder who Bank of Russia President Elvira Nabuillina works for.  Seriously.  On Friday, in response to solid growth in Russian economic statistics over the past few months, Nabuillina again raised interest rates 0.25%.  She still adheres to idiotic IMF-style 'inflation targeting' dogma. Price inflation in Russia finally got off the roughly 2.5% … Continue reading Inflation Targeting Madness: Russia Raises Rates Again