Dr. Michael Ivanovitch is an independent analyst focusing on world economy, geopolitics and investment strategy. He served as a senior economist at the OECD in Paris, international economist at the Federal Reserve Bank of New York and taught economics at Columbia Business School.
Follow him on Twitter: @msiglobal9
The dollar is a direct and powerful transmission mechanism of American monetary policies to the rest of the world.
EU leaders were strutting around last week with dire warnings about the U.K.'s "hard-Brexit" instead of addressing concerns over the economy.
Big, well-funded development efforts are under way in Eurasia and Asia, making it a great hunting ground knowledgeable EM investors.
It shouldn't be difficult to understand that with our current physical limits to sustainable growth, we're going nowhere.
Having thrown millions of Europeans into unemployment through harsh fiscal austerity, Germany continues to challenge the ECB's independence.
Japan's aggressive monetary easing is reminiscent of Einstein's quip about doing the same thing over and over again and expecting a different result.
Economic stimulus should be executed without creating excessive trade deficits and increasing the U.S.'s large net foreign liabilities.
Greece and ungovernable Spain, struggling with jobless rates of 23.5 percent and 20 percent, respectively, are saying enough is enough.
It seems that the G-20 has become a yet another unnecessary, ineffective and very expensive, taxpayer-funded, talking shop.
The Fed's Jackson Hole message was entirely reasonable in the absence of any indication of economic measures of America's next administration.