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31.10.2008, 11:33

Crisis and competing currencies

Always when there is a downturn in the economy a tirade of criticism is directed against the model of market economy and competition. And yet it is the other way around: all financial crises are the result of lack of competition. A crisis is when monopoli

28.10.2008, 12:55 1 comment

Strong dollar, weak dollar

I got a question from a reader after my last article, suggesting the US was pursuing a strong dollar policy to refinance its economy, at huge risk to the rest of the world. The reader asked: “Isn't it the case that the only country that doesn't care

27.10.2008, 16:59

U.S. pulls the plug on the world

The U.S. administration has prompted a huge surge in the U.S. dollar, which may help refinance its financial sector. The cost is a currency whirlwind that threatens the collapse not just of banks and companies but entire countries.

22.10.2010, 12:46 1 comment

Norilsk Nickel board unchanged as Rusal continues to push

Norilsk Nickel shareholders voted against a Rusal led proposal to change the board of directors, at an extraordinary general meeting in Moscow.

Image from http:/media.wildorchid.ru 09.03.2009, 11:33 1 comment

Downturn takes the lustre off expensive lingerie for Russian women

Russian luxury retailers – including those who sell designer lingerie – were planning to buck the economic downturn. But, they are finding they’re not immune.

15.07.2010, 13:07 1 comment

Sberbank tightens grip on quality borrowers

Sberbank will introduce individual interest rates for retail borrowers depending on financial data including credit history and wealth, which, experts say, will bring tighten its grip on lending.

29.09.2010, 16:20 1 comment

Financial literacy the focus of new education project

Russia is looking to boost financial literacy levels, with the New Economic School and the Citi Foundation starting joint development of a unique multimedia project on personal finance management.

RIA Novosti / Ruslan Krivobok 27.10.2010, 15:10

Central bank moves to extend deposit insurance moratorium

Russia’s Central Bank is extending the moratorium on excluding the banks from the Deposit Insurance System until July 1, 2011, with analysts saying a deeper change in financial criteria is necessary.

05.10.2009, 19:03

Warring VimpelCom shareholders pull the olive branch from their scabbards

Major shareholders in Russia’s number 2 mobile operator, VimpelCom, Norway’s Telenor and Russia’s Alfa Group, have ended a corporate feud which has haunted the Russian investment climate for much of this decade.

01.09.2010, 16:42

Russian state won’t step into Norisk Nickel row

Russia’s government will remain neutral in the Norilsk Nickel dispute, with the company itself expressing doubts about Rusal’s credibility.

Dollar is doomed: a conspiracy theory

Published: 30 January, 2009, 20:22
Edited: 07 February, 2010, 03:30


While the world economy collapses the American dollar continues to strengthen its position in the world, to little wonder – it’s getting back to its basics as the backup currency on every continent except Antarctica.

 
2 COMMENTS
JO van DEIJZEN July 02, 2009, 07:58 quote
0

Ecellent, soon we will go back to the gold standard. All this printing of paper money is showing that the government in the USA has no clue.Like all dominating powers in history they all decline because they take their eye of the ball. Like people who get spoiled and loose the plot, when do we start learning from history? Part to blame is the media always hyping nonsens, distorting values leading good people in to temptation with perchieved values. Case in point are casinos, places where people get flieced of there hard earned money. We are so weak but in the end we get what we deserve that is inflation a weak dollar, higher taxes and more government departments!

Eric Bollinger February 06, 2010, 23:37 quote
0

Inflation or deflation will be the least of the economies of the World, when we cannot find an alternate fuel other than Oil. When oil is gone, water, food and yes oil driven vehicles will be useless. The middle east will probably be the first to go, followed by big mass producing countries, which of course includes the U.S. People will fight for a drink of water and kill for food. Weapons will become broken and rusted, fighter aircraft will cease to be, and large armies will leave to provide for their familes. The most important and sought after people will be doctors, miltary trained groups and engineers. God save humanity, if we deserve saving. Amen Not a pretty picture unless we unite for survival.

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