marches toward a political, financial, and perhaps even military crossroads in the closing months 2024, many feel what George Lucas might otherwise describe as a “disturbance in the force.” From blow-off market tops, empty political platitudes and an openly broken bond market to debased ...
China and Russia are the only countries with sophisticated enough nuclear arsenals to go toe-to-toe with the US up to the top of the military escalation ladder. In other words, the US military can’t attack Russia and China with impunity because they can match each m...
The exchange rates between the USD and other currencies can fluctuate wildly. The yen dropped a lot in 2022 and then again in 2023 against the USD. So the value of yen-denominated assets held by central banks (other than the Bank of Japan) would have declined when...