Every time I read that the yuan is going to dethrone the dollar and that China is going to monopolize the oil market in its local currency, I remember those films and reports of the late 1980s predicting the imminent Japanese supremacy and how it would absorb the West. Continue reading Petroyuan’s Lacklustre Birth Explained
I have commented several times on the errors of protectionism and trade wars. There is another problem. The major developed economies have allowed China to get away with its protectionism and interventionism measures because it was the engine of growth of the world economy. Continue reading Nuclear Option? China Has Already Lost A Possible Trade War.
In 1973, Hafez Al-Assad was the president of Syria. Between that year and 1982, the regime conducted a systematic terror campaign against the opposition, which culminated with the slaughter of up to 40,000 people after the rebellion of the city of Hama. Al-Assad remained in power until 2000, when he was succeeded by his son, Bashar , the current Syrian leader. During all those years, outrage and international criticism of the regime always ended in many words and little action.
Continue reading Syria. Rising Geopolitical Risk, Humanitarian Crisis
In this short video we address the main risks that markets are discounting: