Countries are starting to settle trade in local currencies rather than U.S. dollars, and warnings of the dire consequences are heating up. They range from serious policy analyses on sanctions to conspiracy theories designed to sell investment information. Interest in the concept of “dedollarization” began to rise toward the end of the first quarter of 2023, spiking up at the … [Read more...] about Dedollarization: A Yuan Tale
economy
DATA: Open Data, Transparency, and Efficient Markets
Control of information and data equates to control of people and markets. Warnings from Milton to Orwell and the ideological struggle between capitalistic and socialistic market approaches increasingly result in greater wealth and freedom. At Chicago's Techweek 2011 conference, the evolution toward freedom and away from control manifested in Friday talks through the benefits … [Read more...] about DATA: Open Data, Transparency, and Efficient Markets
CRE Risks and Other Bank Stability Indicators
In February 2011, economists told us that the Great Recession is receding, if not over. If many consumers—and their banks—still feel mired in that same recession, at least the fiscal crisis of 2008 is history. The markets are stable, business profits are up, employment is improving, and it looks like the free fall in real estate values for homes, office buildings, hotels, and … [Read more...] about CRE Risks and Other Bank Stability Indicators
China, India, and Japan: A Dispatch from Sibos
China and India remain high on the financial and banking agenda, with attendees at SWIFT’s Sibos 2010 conference packing the room for a session called “India and China: How Do You Choose?” The rise of China especially, in both currency and trade, played as a theme through Sibos, the annual financial and banking conference held in Amsterdam this October. Many U.S. and Europeans … [Read more...] about China, India, and Japan: A Dispatch from Sibos