Finance News

 A little over a year ago on 1st November 2010 I wrote what I called “…a little bit of scurrilous speculation.”  In it I speculated that an unintended consequence of QE had been to spur several countries to think very seriously of how they could replace the dollar as their settlement currency for international deals. The Settlement Currency just means the currency …

The US has the world's biggest economy, the most influential culture, and the most potent military machine, with a budget that equals that of all other nations combined. It is the only power with a global project defended and supported by more aircraft carriers, Fortune 500 companies, and more successful media-tainment conglomerates than any other. But the last decade has …

Forget monetary policy. Re-examining the cause of the Great Depression—the revolution in agriculture that threw millions out of work—the author argues that the U.S. is now facing and must manage a similar shift in the “real” economy, from industry to service, or risk a tragic replay of 80 years ago. It has now been almost five years since the bursting …

(Originally published in The Sunday Leader, 28 August 2011) In mid 2008 the world plunged into an economic recession with devastating consequences throughout the world. The crisis apparently started in the USA. It was a man-made crisis and it came apparently without a prior warning. Surprisingly, even the economists world over, who are engaged in the day to day affairs …

Sheikha Lubna bint Khalid bin Sultan Al Qasimi, the most powerful Arab woman in the world according to Arab Business and Forbes magazines, who is also the Minister of Foreign Trade of United Arab Emirates, arrived in Sri Lanka today, on a three-day official visit amidst renewed bilateral trade efforts between Sri Lanka and the UAE. She is visiting Sri …

  Nouriel Roubini was  was in fine form yesterday, scaring the bejeezus out of his followers on Twitter by saying that several huge financial institutions could collapse in the blink of an eye like MF Global. These houses of cards, Roubini tweeted, include: Goldman Sachs Morgan Stanley Jefferies Barclays The problem, as Roubini has consistently warned, is the banks' dependence on short-term financing to …