The expected September rate hike did not happen as we predicted in August. This was due mostly to turmoil in the financial markets as a result of the Chinese slowdown. In addition, the inflation numbers were weak. Going forward, we…
India and US Pivot against China The recent election of Mr. Modi in India has sped up strategic relations with the US. In short, India sees benefits in the form of economic cooperation and geopolitical considerations. The geopolitics is not…
South China Sea Tensions Rise In the South China Sea, the geopolitical game is becoming more dangerous. Tensions are higher since China has been constructing more artificial islands around the Spratly chain, which is oil rich and claimed by numerous…
What does Russian involvement mean for Syria? Most Probable Reason: To obtain a place at the negotiating table on Syria. Putin will prop up Assad to improve his hand. The No-Fly Zone would have led to regime change which Russia…
Panic sets in in China: the following steps were taken: Interest rates were lowered by 25 bps to 4.60 from 4.85. Reserve Requirement Ratio (for big banks) lowered by 50 bps to 18.0 from 18.50. 22 Billion was pumped into…
For the FED to raise rates in September, growth in the US economy would need to clearly show up in the economic data. Inflation numbers were not really there given the strong US Dollar (imports are cheaper) and low oil…
The Syriza government in Greece is at a critical juncture. Having failed to deliver on campaign promises thus far, it has instead focused on several small symbolic victories. The visit to Russia to meet with Putin and making a recent…
Turkey faces strong headwinds in the coming year both on the political and economic front. The corruption probe that began yesterday is the latest in a series of political battles for power. Next year is an important election year for…
Today, macro factors, both on the political and economic fronts, will play a decisive role on the future direction of asset prices. From the political wrangling over the US Debt ceiling to timing and the speed of weaning the US…
Positive news on the Greek investment climate has come in on several fronts – investment, political and economic. Most of the articles in the news today were positive. However the price of GREK has dropped by over 3% today. In…