Politicians in the West often do not understand market economics, so it is understandable that a former KGB spy uses fiat instead of making a business deal. Policymaker Disconnect Politicians in the West often do not understand market economics, so it is understandable that a former KGB spy uses fiat instead of making a business deal. At this juncture:
Russia's Central Bank has spent $10 billion trying to prop up a falling ruble. Western banks are backing off on lending money (Russia's foreign debt grew by $200 billion during the past two years to $732 billion). Western credit card companies have stopped clearing transactions. Russia's credit rating has been dropped to negative–raising its borrowing costs. The once sluggish economy...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
