Lower oil prices could boost Modi’s chances to be re-elected in 2019, provided that his administration is doing things right this time around. more...
As I see it, there are three main options: 1) leave the EU without a deal (the “hard” Brexit); 2) halt the entire Brexit process, leaving open the possibility of another referendum; and 3) go back to the drawing board and renegotiate. By any measure, a hard Brexit would be disastrous. more...
Many of the major averages formed massive reversals last week as Monday’s very strong open was followed by selling the rest of the week. The contradictory comments on trade did not instill confidence and many are wondering what will it take for the market to bottom. more...
What does the recent OPEC+ output agreement mean for Saudi-Russia relations? more...
While the market focused on the possibility that the Fed may be near the end of rate hikes, Fed Chairman Powell made a more important point when he highlighted the risks that corporate indebtedness pose to the U.S. economy. Stocks surged after Federal Reserve Chairman Jerome Powell delivered a speech to the Economic Club of New York on November 28, 2018, where he introduced the Fed’s Financial Stability Report, inspired by and modeled after ...