Russia sending oil and gas workers to fight in Ukraine

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Russia’s effort to conscript 300,000 reservists to counter Ukraine’s military advances in Kharkiv has drawn a lot of attention from military and political analysts. But there’s also a potential energy angle. In its call for reservists, Russia’s leadership specifically targeted oil and gas workers for the draft. One might assume that energy workers, who provide […]

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A way out of exchange-rate chaos

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Part 1 of this series concluded that “currency hedging is not just costly and in some countries prohibitively so, preventing companies access to credit and grow, but it brings a misallocation of talents in a floating world.” Historically, countries have not managed exchange-rate gyrations well. Their experiences, Japan being prominent, show how accurate Paul Volcker was […]

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Singapore introduces new property cooling measures: Maximum loan quantum limits tightened, loan-to-value limit lowered

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INCREASE WAIT-OUT PERIOD  Private home owners will have a 15-month wait-out period before they can purchase  a non-subsidised HDB resale even. This will kick in once they have sold their property. The new principle will also apply to people who sold their personal property prior to posting an application toContinue Reading

The Fed in a floating world

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The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]

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