Tag "Gary Littlejohn"

Strengthening the US Dollar: Comments on Ramin Mazaheri

by Gary Littlejohn for The Saker Blog Implications of Recent Changes in US Monetary Policy Ramzin Mazaheri’s excellent article of 16th April attracted some very interesting comments: https://thesaker.is/no-the-Dollar-will-only-strengthen-post-corona-as-usual-its-a-crisis-after-all/ This supportive response aims to provide recent relevant evidence that many of the likely changes Mazaheri describes are already happening very quickly. Over the past few months since December, it has become clear that the US Federal Reserve (the Fed, which has

Oil Price Rises After Trump Phones Putin

by Gary Littlejohn for The Saker Blog The recent rapid decline in oil prices may now be coming to a halt as Trump and Putin agreed in a recent phone call that their oil industry ministers should talk to each other about the oil standoff that began when Russia refused to agree to participate in a cut in oil output proposed by OPEC. This proposed cut was then effectively reversed

Russian Economic Resilience

by Gary Littlejohn for The Saker Blog Introduction Western political commentaries about the condition of the Russian economy are becoming increasingly illusory, as additional economic sanctions are imposed for a series of increasingly implausible reasons, the most recent ones including those being for alleged Russian complicity in chemical weapons attacks in Syria, those supposedly for the alleged attack on Sergei and Yulia Skripal, and some more regarding Crimea. It might

Turkey’s Economic Crisis: Limited Options (UPDATED)

by Gary Littlejohn for The Saker Blog It is said that when Groucho Marx was asked how he went bankrupt, he replied “Slowly at first, and then much more quickly”. The Turkish Lira had started to slide slowly and then last week it went down much more quickly. The context for this was made clear by the Moon of Alabama on 10th August, on the very same day that the

Future Paths for the Russian Economy?

by Gary Littlejohn for The Saker Blog Part 1: Divergent views on the Russian Economy While there is widespread consensus in the West about the nature of Russian politics and the Russian economy, my own view is that the Western consensus is wide of the mark, being based on a naive acceptance of stereotypes that are at best outdated, originating as they do from either the Yeltsin years or the

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