Marc Chandler's picture

By Marc Chandler – On this day in 1971, US President Nixon broke the last formal links between the dollar and gold and ushered in the modern era of floating exchange rates. What was a necessity has become a virtue...

Peter Boockvar's picture

By Peter Boockvar – Today is less about Turkey as the lira is up about 3% (after Turkey announced a limitation on banks level of currency swaps they can do which was being used to short the lira) vs the US dollar and...

FS Staff's picture

By FS Staff – Stock markets around the globe have come under pressure in recent days with a collapse in the Turkish lira and vulnerabilities in the emerging market space. John Roque at Key Square Capital Management recently told Financial Sense Newshour...

Oil Price's picture

By Oil Price – The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share...

Matthew Kerkhoff's picture

By Matthew Kerkhoff – The story of 2018 has been one of U.S. growth, but not necessarily global growth. While most major economies around the world are still expanding, they have been decelerating or holding steady...

FS Staff's picture

By FS Staff – “If you were a state or a municipal worker in a troubled state, you should be made aware of it,” Puplava said. “In the next decade, you're going to see many of these states begin to reduce benefits to retirees. It's already happening right now...

Global Risk Insights's picture

By Global Risk Insights – Although China has backpedaled on proposed tariffs on US crude imports, the move is indicative of its need to diversify sources and steps may now be taken to enable China to play the oil card in the future – including imports from Iran despite sanctions and drawing closer to Russia.

FS Staff's picture

By FS Staff – All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Russell Napier warned that Turkey...

FS Staff's picture

By FS Staff – According to Lex, we're now in the process of creating AIs called “decentralized autonomous organizations” that, essentially, won’t be able to be turned off, stopped, or shut down by the government. Here’s what he had to say on today’s podcast...

Michael Pettis's picture

By Michael Pettis – Economist Joseph Stiglitz recently published an interesting piece in Project Syndicate called “The US is at Risk of Losing a Trade War with China.” I am always surprised by claims that deficit countries like the United...

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