Commentary As the Russian invasion of Ukraine enters its second month, much is still in flux and our information is far from perfect, but three things stand out. First, Russian President Vladimir Putin appears close to securing many of the objectives he laid out before invading Ukraine. Second, this invasion has been a massive mistake. Third, while…
After More Than a Month of Fighting, Where Do Things Stand in the Russia-Ukraine War?
If Russian Arms Exports Falter, Will China Fill the Vacuum?
Commentary In the 2005 film “Lord of War,” an arms dealer (played by Nicolas Cage) argued that armaments had become one of Russia’s biggest exports since the end of the Cold War. “After that,” he said, “comes vodka, caviar, and suicidal novelists. One thing is for sure, no one was lining up to buy their…
Can Food Crises Trigger Collapse?
Commentary “The Pakistan Economy Watch (PEW) on Tuesday asked the government to take serious steps to ensure food security in the country as an international food crisis can engulf the world soon …. Dr. Murtaza Mughal said that the vulnerable and the poor would be hardest hit, who spend as much as 60 to 75…
The Fallout From the Eclipse of US Hegemony
April 12, 2022
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Business & EconomyBusiness ColumnistsInternational Monetary FundOpinionreserve currencyUnited NationsViewpointsWorld War I
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Commentary “America at this moment stands at the summit of the world.”—Winston Churchill, 1950 At the end of World War II, the United States was far and away the world’s predominant economic and military power. America in 1950 was nothing less than an industrial colossus. According to the International Organization of Motor Vehicle Manufacturers, the…
Opinion: Twitter’s TKO of Elon Musk to the Board
Sunday night’s announcement by Twitter CEO Parag Agrawal that Elon Musk turned down the invitation to serve on the company’s board of directors should not have been a surprise to anyone who is vaguely familiar with the social media giant or the Tesla chieftain. Over the past several days, Twitter and Musk engaged in a…
Recession Warnings Rise, Limiting The Fed’s Inflation Fight
April 11, 2022
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Business & EconomyBusiness Columnistseconomic policieseconomyinflationOpinionrecessionU.S. Federal ReserveViewpoints
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Commentary Recession warnings are clearly on the rise. Much of the initial media fervor focuses on the inversion of the yield curve. “The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon.” – CNBC Of course, investors,…
Musk Forestalls the Free Market Versus Free Speech War
Elon Musk, the world’s richest entrepreneur and a Renaissance Man who builds and flies spacecraft, brought electric cars closer to practicality than anyone before, and skewers the left with the immunity of someone who can’t be pigeonholed as a right-winger, just spent nearly $3 billion making himself Twitter’s largest shareholder and charming his way onto…
The Costs of Russian Sanctions on US Citizens
Commentary Like most readers of this newspaper, our wish for the Ukrainian people is for peace, prosperity, and self-determination. In an attempt to punish Russia for its invasion of Ukraine, the United States has put in place sanctions that are making life more difficult for many Russians and especially for its wealthy oligarchs. In a…
President Biden’s Budget Reduces Living Standards
April 9, 2022
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bidenBusiness & EconomyBusiness Columnistseconomic policieseconomyinflationliving standardsOpinionpresidentPresident BidenViewpoints
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Commentary President Joe Biden’s proposed 2023 budget includes new spending, new debt, and higher taxes. The plan comes with the same old promises of how these policies will “help the economy.” It won’t help. If passed, the current runaway inflation will be only the first step toward reducing Americans’ living standards and sending the economy…
The Failure of Central Banking: Zombies
April 9, 2022
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Business & EconomyBusiness ColumnistsCentral BankCentral Bankingcentral banksinflationOpinionViewpoints
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Commentary A zombie is an aberration, something that should not exist in the real world. Yet in modern economies, such creatures do exist. Zombies were introduced to the economic jargon by Ricardo Caballero, Takeo Hoshi, and Anil Kashyap in their article, “Zombie lending and depressed restructuring in Japan” in 2008, where they named the unprofitable…
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