World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency

January 30, 2014January 30, 2014GIHAdmin

In the past we have discussed at length the inevitable demise of the USD as the world’s reserve currency noting that nothing lasts forever. [10] However, when former World Bank chief economist Justin Yifu Lin warns that “the dominance of the greenback is the root cause of global financial and economic crises,” we suspect the world will begin […]

Baltic Dry Index Collapses 50% From December Highs To 5-Month Lows

January 30, 2014January 30, 2014GIHAdmin

We are sure it’s just a storm in a teacup; just a brief interlude before the IMF’s ever-changing forecast for global trade growth picks right back up again and demand to ship dry goods surges back to the inventory stuffed levels of Q4. But, for now, the Baltic Dry Index (admired when it’s rising, ignored when it drops) […]