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
Believing in euro's perennity as a viable transactions currency and a store of value looks like a formidable act of faith.
President-elect Donald Trump's talks with Carrier Corp. represent a complex economic policy challenge.
President Barack Obama said that "austerity cannot be the formula for growth," and vowed to carry that message to the rest of Europe.
Asia is more than one-third of world GDP and is the fastest-growing segment of the global economy. But what's the U.S. doing in this market? Not much.
Whoever won the election would have found clear policy markers, set by asset prices reflecting the current state of economic fundamentals.
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.