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
Threats to EU's monetary union and Germany's mismanagement of refugees have obscured progress achieved by France, Italy and Spain in stabilizing their economies.
Now that the Fed has initiated its process of policy adjustment, market timers are out in force with dire warnings.
The Russian PM's visit to China marks twenty years of regular annual bilateral summits, and 16 years of similar meetings within the SCO.
The current state of affairs in the euro area is such that the basic axiom of economic policy is unlikely to be met anytime soon.
This week, markets are expecting to see clear signs of the Fed's imminent interest rate increase.
China, Japan and South Korea are like three great soloists who can't function together as an ensemble. But that looks set to change.