An International Monetary Fund (IMF) report on global imbalances, out tonight, makes no bones about the approach of US president Donald Trump of imposing stiff tariffs to overcome trade deficits: It’s a loser.
US president Donald Trump has been spitting the dummy. Most of the toys are now out of the cot. Other people have been picking up those toys. Prepare for massive change in the international order.
Russian president Vladimir Putin wrote an article days before the September 2017 summit of the 5 BRICS nations in Xiamen, China, espousing views on economic issues – and on a wide range of other matters of international politics, but especially on an extremely wide range of potential areas of co-operation among the 5.
Independent IMF unit examines trail of disaster – but what next?
End of the greenback as world reserve? The US greenback has been the world’s currency for decades – 85% of international trade is done in $US. Would it matter if that changed? Could it change? And could it change overnight? That’s the proposition being put by a columnist in the Daily Reckoning/Agora Financial stable of […]
As the sparring continues over whose international financial system will predominate – the West’s or China’s – China has entered into a 3-year agreement with the International Monetary Fund to strengthen its fiscal institutions & capacity.