The weekend is approaching, and I am about to attend another event on my wife's busy social calendar. Already I know how the cocktail party is going to play out: The women will end up on one side of the room talking about practical, real world events--such as running a household.
Looking back to the squalor of the 10th century, to the near-universal poverty of ancient Greece and Rome, it is astounding to see the prosperity of the modern world. In this context, the poverty of Africa or Latin America is hardly shocking.
It seems that whenever gasoline hits $3 a gallon or Exxon-Mobil is releasing its earnings, politicians show how little they understand about global economics and simple supply and demand fundamentals and begin pointing fingers.
In the Winter 2005/06 Edition of The National Interest, in an article titled "Mexico's Wasted Chance," Fredo Arias-King laments the failure of Mexican President Vicente Fox. Why did Fox fail? Why did he compromise his reforms?
As most know markets are forward looking, anticipating changes in the economy, government, and the Federal Reserve. As such, looking at how markets have reacted in the past to previous interest rate cycles and business cycles is warranted.
The strategic alliance of Russia and China continues to develop, embracing an ever-widening circle of junior partners in the Western Hemisphere (including Cuba, Venezuela, Brazil, Bolivia and even Mexico).