The de-dollarization delusion

Is the dollar dying? In the wake of the Russia-Ukraine war and the massive growth in money supply and the US Federal Reserve’s assets in recent years, there has been a slew of stories and speeches extolling the virtue of de-dollarization.  The most recent came last week, when Brazilian President Luiz Inácio Lula da Silva called for the establishment […]Continue Reading

Fentanyl, Russia trade spark new Sino-US friction

Political tensions between Beijing and Washington have increased again after the Biden administration sanctioned 12 Chinese firms for shipments to Russia and two others for supplying chemicals illicitly used in Mexico to produce the opioid drug fentanyl for the US market. The US Department of Commerce’s Bureau of Industry and Security (BIS) last week amended […]Continue Reading