- Home /
- US
Trump’s oil supply leverage
It says a lot for either the weak outlook for global GDP growth or the limited threat posed by the Iranians, that a series of attacks and seizures of oil tankers in the Straits of Hormuz, a conduit for around 20% of the world’s oil needs, as had no appreciable impact on crude oil prices. […]
Continue readingTsipras makes Merkel an offer she can’t refuse
How should we interpret this week’s volte-face by Tsipras and the Syriza government in approving austerity concessions to the Troika that had been specifically rejected by Greek voters in a referendum less than a week before? Short term, this would seem to provide an opportunity for celebration for creditors and financial markets in that the […]
Continue reading