News
How the Ukraine war is lurching the globe toward a new food crisis
The food price surge will also complicate global efforts to fend off hunger in conflict-ridden and fragile states.
Nigeria Companies to Pay Dollar Debts in Naira on Forex Shortage
Nigeria has given a concession to companies with outstanding foreign currency tax liabilities to pay in naira because they can’t get hold of dollars.
The Fed is in an Impossible Bind
The inflation story looked pretty clear to me before Russia invaded Ukraine. COVID had caused supply constraints and unemployment, we responded with $7T of government spending and so we ended up with the perfect recipe for high-ish inflation.
The Bears are Knocking at The Door
‘‘When people begin anticipating inflation, it doesn’t do you any good anymore.’’ Paul Volcker
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