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
Economics
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
Forget Nordstream 2, Turkstream is the Prize
While the Trump Administration still thinks it can play enough games to derail the Nordstream 2 pipeline via sanctions and threats, the impotence of its position geopolitically was on display the other day as the final pipe of the first train of the Turkstream pipeline entered the waters of the Black Sea. The pipe was … Continue reading Forget Nordstream 2, Turkstream is the Prize
Mo’ Money, Mo’ Invasion
Immigration is a tricky subject for a lot of libertarians. If there is one issue that has caused more fights in libertarian circles it is the question of restricting a person's right to movement. But in a world of private property where does that right end? We know where it is in a world of … Continue reading Mo’ Money, Mo’ Invasion
By Going Nuclear the EU Has Already Lost Its Battle with Italy
"Here's where we hold 'em by the nose, and kick 'em in the ass" — Patton If you ever want to know who’s losing an argument simply look at who’s doing the most threatening. Not who’s shouting the loudest or who’s the angriest, but who is threatening. Those who threaten are doing so because they … Continue reading By Going Nuclear the EU Has Already Lost Its Battle with Italy
Brexit Breakdown is All Theatre
The "Gypsum Lady" Theresa May has no intention of staying strong on Brexit negotiations. Her job was always to deliver a Brexit deal that was, in effect, no deal. She was to thread the needle that kept the U.K. in the European Union for everything that matters, the customs and trade unions, while selling the … Continue reading Brexit Breakdown is All Theatre
Russia Raises Rates to Raise Stability
2018 has not been kind to the Russian Ruble. Despite a improving macroeconomic statistics and a widening positive balance of trade the Ruble has lost more than 10% versus the dollar so far this year. So, the recent decision by the Bank of Russia to surprise everyone and raise interest rates 0.25% seems like a … Continue reading Russia Raises Rates to Raise Stability
Destroying Trump Destroys More than America
The “Resistance” has morphed into the “Lynch Mob.” Having successfully been gaslit into believing Donald Trump is everything from a bad joke to a Russian spy, the Progressive left in the U.S. are embracing all the totalitarian impulses their grabby little hands can find as they climb the Cliffs of their Insanity to remove him … Continue reading Destroying Trump Destroys More than America