News
Prof. Schlevogt’s Compass No. 40: The global reserve ratchet – How dollar rule locks trade deficits
3+ hour, 12+ min ago (1099+ words) Money promises abundance, only to return want." (The Author) In its disquieting force, this dictum cuts through the allure of monetary power to expose its central paradox: Abundance may broaden choice at the outset, only to unsettle balance and narrow…...
‘Balance of power shifting’ – Musk on India and China GDP growth
2+ day, 16+ hour ago (457+ words) Elon Musk has said the global balance of power is shifting, citing IMF data indicating that India and China are projected to be the biggest contributors to global real GDP growth in 2026, ahead of the US. "The balance of power…...
Gold, silver plunge after Trump names Fed chair pick
4+ day, 18+ hour ago (308+ words) Gold and silver prices plunged on Friday in one of their worst single-day declines in years after US President Donald Trump named former Federal Reserve governor Kevin Warsh to lead the central bank. Both metals had recently surged'on fears the…...
Trump reveals Fed boss nominee
5+ day, 12+ hour ago (139+ words) US President Donald Trump has nominated Kevin Warsh to serve as Federal Reserve chair Trump reveals Fed boss nominee US President Donald Trump has tapped former Federal Reserve governor Kevin Warsh to replace Jerome Powell as the institution's chair. Warsh…...
Prof. Schlevogt’s Compass No. 39: The exorbitant privilege trap – How dollar power ensnares America
5+ day, 16+ hour ago (1042+ words) In some corners of the political imagination, the dollar has become a grand theory of everything " not a currency, but a convenient, catch-all, virtually cosmic culprit. Every sanction, every covert operation, every warship dispatched toward some far-off horizon is traced…...
India forecasts steady growth despite Trump tariffs
5+ day, 21+ hour ago (356+ words) India's economy is projected to record steady growth in the 2026-27 financial year, powered by strong domestic demand despite the impact of US tariffs, the South Asian nation's Finance Ministry said on Thursday. The federal government's Economic Survey tabled in parliament…...
US dollar’s global role at risk – German regulator
6+ day, 6+ hour ago (218+ words) The US dollar's status as global reserve currency could be called into question as early as this year, the German financial regulator has warned in its annual forecast. According to a report published on Wednesday by the Federal Financial Supervisory…...
Traders placing record bets on dollar collapse – Bloomberg
6+ day, 11+ hour ago (186+ words) Traders are betting big that the US dollar will continue to fall amid uncertainty about Washington's political and economic policies, Bloomberg has reported. "US policy volatility is now debasing the dollar," said Luis Costa, Citi's head of emerging markets strategy....
US dollar hits four-year low after Trump says it’s ‘doing great’
1+ week, 1+ day ago (248+ words) The dollar suffered its worst single-day decline in nearly a year on Tuesday, plunging to a'four-year low'after US President Donald Trump publicly welcomed the currency's weakness. The Bloomberg Dollar Spot Index, a key gauge of the greenback's strength against other…...
Unemployment and poverty declining in South Africa – president
1+ week, 2+ day ago (368+ words) South African President Cyril Ramaphosa on Monday highlighted declining unemployment and poverty levels as signs that the country's economy is on a recovery path, while urging urgent action to turn the gains into long-term improvements in people's lives. "Over the…...