Today, the Russian ruble has weakened significantly - 7-8% against the euro and dollar. This is quite substantial - even for an Emerging Markets currency. I am generally very sceptical about shouting "collapse" every time economic news (often just rumours) comes out of Russia, and I would also emphasise that the ruble market is virtually…

Market Monetarist

13.12.2024

First Immigration, Then Free Trade – Is AI Trump’s Next Target? | The Market Monetarist

Yesterday, Donald Trump shared a rather remarkable post on "Truth Social" about his meeting with the International Longshoremen's Association, where he strongly criticised automation at American ports. The message reveals Trump's economic thinking as fundamentally aligned with that of a 1970s New York union leader: opposing immigration, free trade, and now technological advancement. This is…

Market Monetarist

20.12.2024

Trump 2.0: Can Populist Keynesianism Survive a Hawkish Fed? | The Market Monetarist

The Stage is Set: Familiar Playbook, Different Starting Point As President-elect Trump prepares for his second term, we are entering a period that bears striking similarities to 2016, but with crucial differences. Back then, I wrote about how Trump’s fiscal expansion plans, combined with the Federal Reserve’s willingness to tolerate higher inflation, created a unique…

Market Monetarist

23.12.2024

Moscow Bitcoins: Stalin, Putin, and Assad’s Gilded Cage | The Market Monetarist

History often rhymes, as Mark Twain is famously quoted as saying. The story of Syrian President Bashar al-Assad’s flight to Russia—and the presumed transfer of his family’s substantial wealth to Moscow—offers a stark reminder of one of the most contentious financial episodes of the 20th century: the transfer of Spain’s gold reserves to the Soviet…

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Putin’s Butter Crisis Intensifies as Ruble Slides | The Market Monetarist

First Immigration, Then Free Trade – Is AI Trump’s Next Target? | The Market Monetarist

Trump 2.0: Can Populist Keynesianism Survive a Hawkish Fed? | The Market Monetarist

Moscow Bitcoins: Stalin, Putin, and Assad’s Gilded Cage | The Market Monetarist

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