Russian Deputy Finance Minister Maxim Oreshkin predicts the collapse of the US market, "hard landing" of the Chinese economy and a long period of adaptation for oil exporting countries to new economic reality. Oreshkin said that the US economy would be overheated should the level of opening new jobs stays on the current level
Saudi Ministers for Foreign Affairs, Adel al-Jubeir stated that Riyadh was not manipulating the oil market. Yet, Saudi Arabia does have a possibility to show influence on the market. This was clearly shown in 2008, when prices started falling as well, and Saudi Arabia together with the OPEC started quoting oil supplies
Many are convinced that fiscal policy is a dull and boring occupation with nothing but an absurd amount of obscure figures, overly complicated words and phrases. In fact, it is not quite true. Money is the universal equivalent, while federal and regional budgets make a universal equivalent of state activity
All of a sudden, oil has become a resource that is fantastically inexhaustible. Only one country, such as Venezuela, is capable of supplying oil to the rest of the world. Venezuelan oil reserves are estimated at 600 million tons of oil. These reserves are enough to ensure uninterrupted oil shipments for the whole world for six years
Lord Money is the main constituent in the United States, where 158 families, obviously multimillionnaires, are the main donors in the current campaign of the Democrats and Republicans to win the White House in 2016. You pay a million dollars in taxes and get a million votes.
The stocks of Russia's largest state-owned bank Sberbank, VTB Bank and Yandex Search Engine are growing despite the expansion of the sanctions list of the United States against the Russian Federation. Russia had taken measures to prepare the national banking system for the sanctions
Oil prices continue their decline in late 2015 in anticipation of growing oil supplies on the market. The Russian ruble has been declining together with oil. Thirty-six dollars per barrel is a frightening scenario for Russia, taking into consideration the fact that the Russian budget for 2016 was drawn up on $50 per barrel
"Therefore, in response to the incident with the Russian aircraft, Russia put emphasis on the sphere of agriculture in its sanctions against Turkey. What is going to happen to the relations between Russia and Turkey after the downing of the Russian jet above Syria? Turkey consumes 60 percent of Russian gas and is unable to find a replacement for it
China is now a giant workshop of the human civilization. It produces real products. Up to 80 percent of China's gross domestic product falls for small and medium enterprises - this is a business that involves the entire population of the country. If china crushes the dollar, the huge US dollar debt to China will turn into dust
To save Ukraine from default that the country may face should it fail to pay compensations for Russian bonds, the International Monetary Fund is ready to change crediting rules. The provisions will have to be amended on an international level
The world economy can no longer "work" - the way it has worked - under the paradigm of growth/accumulation. This assertion leads to the conclusion that the challenge ahead if there is interest in preserving the living conditions on the planet, is one: look for "fit" economic activity within the ecosystem boundaries.
Many wall street people routinely talk about US Treasury bond interest swap spreads having gone below actual US Treasury bond yields, what that means and what they plan to do (e.g. evacuate, take their Gulfstream jets with their second passports to their villas and penthouses in other countries); but the corporate media in the USA