AWASH with petrodollars, the members of the Organisation of Petroleum Exporting Countries (Opec) and other oil producers are increasingly calling the shots in world markets. Moreover, compared with the previous oil booms of the 1970s and 1980s when rich oil … Read the rest
NO prizes for guessing the winners of the Iraq , Israeli-Hezbollah , Afghanistan , Sri Lankan and random African wars. The Merchants of Death are experiencing boom times.
The Stockholm International Peace Research Institute (SIPRI), which conducts independent research on … Read the rest
November 2007:- To fathom today’s gyrating markets, look no further than crowd psychology. The slide is unsurprising, considering the boom that preceded it. If investment bank strategists and fund managers were frank with themselves and their clients, they would admit … Read the rest
April 2008: Investors and traders who are still buying euros near record heights, beware.
The European economy is in the danger zone, despite the sanguine noises from the Continent’s finance ministers and central bankers. Growth of the 15-nation region that … Read the rest