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“Philadelphia Federal Reserve President Charles Plosser is “very worried” about the potential for unintended consequences of the Fed’s massive quantitative easing program. Plosser told CNBC that the U.S. was still suffering from “lasting effects” of the recession and “may never … Continue reading →

Waiting for speculative fevers to break in financial markets can feel like running up a steep hill in the dark. You know the peak is ahead, you know the downhill stretch with feel like heaven on the other side, but … Continue reading →

The Russian government collects 52% of its revenue from oil and gas taxes, and about 50% of the population are heavily dependent on government transfer payments for their sustenance. Under Putin, the Russian economy has not diversified but remains a … Continue reading →