IMF

IMF chief Christine Lagarde said the Washington-based lender would look at speeding up payments of the bank’s $50 billion loan after talks with Macri earlier Wednesday. The IMF approved the […]

Desperate measures are in the air in Turkey: trading rooms are awash with talk of a bailout by the International Monetary Fund and potential capital controls. But there’s a vacuum […]

The International Monetary Fund (IMF) agreed with Argentina to a standby loan of US$50b over a three-year period, Finance Minister Nicolas Dujovne said Thursday. “We have looked to the IMF […]

The postwar global trading system risks being torn apart, the International Monetary Fund has warned, amid concern over the tariff showdown between the US and China. In a sign of […]

The World Trade Organization is facing the greatest crisis of its 23-year existence. Rising trade tensions caused by President Donald Trump’s push to impose tariffs on imports from key US […]

Christine Lagarde, the head of the International Monetary Fund, has warned that the return of protectionism risks tearing up the current rulebook for global trade. Her remarks in Hong Kong […]

While the stock market seems to be hiccupping and frightening the bulls, the turmoil in Saudi Arabia has attracted the notice of the financial world because the agreement between Saudi Arabia and the US regarding the use of the dollar as the preferred currency for oil transactions may be coming to an end or at least about to be changed significantly. The rapprochement with China and Russia has received widespread publicity, and MBS, the Crown Prince, is bent on bringing change and progress to the Kingdom. Allowing women to drive provided that they are accompanied by a family member is revolutionary for the Middle East country. One can therefore assume that MBS is serious about his undertaking to bring the future closer and establish a new modern city in the desert.

This Newsletter has repeatedly brought the attention of readers to the situation of the US dollar and the extreme indebtedness of Washington, which now practically has a national debt of 20 trillion without calculating all the other liabilities. Proposing a defense budget of almost 700 billion to maintain over 800 bases globally is going to help lead to national bankruptcy.