via Lobe Log
When I was living in Cairo, the transition to winter was sometimes smooth. The beastly oven of summer changed slowly into a bearable fall of cool-warm. The fall moved from the cool-warm to a few weeks of cold, or at least what was cold to Egypt. These were smooth changes. It [...]
via Lobe Log
The Iranian rial has been in free fall for the last few days. Inflation has been ramping up for the last few months as the rial has lost more than 50 percent of its value over the last year. Unemployment is up to maybe 25 percent plus, and quite a [...]
via Lobe Log
About 32 percent of all stock trades in the US stock markets are being done “off market” in “dark pools” and other confidential “trading platforms”. Trading on well-known markets such as the New York Stock Exchange and NASDAQ has been dropping precipitously.
The “dark pools” have taken over some increasing [...]
via Lobe Log
Last Sunday former President Bill Clinton asked the CEO of Walmart if he would open a store in Libya.
Surely Libya needs more jobs and needs to get its economy going, but I am not sure how a Walmart would do that. A large proportion of the goods that [...]
via Lobe Log
Shadow banks may control about 25 to 30 percent of the word’s financial system. They may be about 50 percent of all banking assets in the world. I say may in both of those sentences because it is hard to tell how big this financial sector is. The United States may [...]
via Lobe Log
It is clear that Syria is getting worse. It is clear that the United States, Russia, China, the Gulf Cooperation Council, Egypt, Israel and just about everyone else can do nothing to retrieve Syria from its inevitable collapse into yet another failed state in the region. There was a time a [...]
via Lobe Log
The economy is clearly the most important problem facing Egypt today. Unemployment and underemployment are vast. Tourism has been shattered by recent events and may take a long time to get back on track. Foreign investments have dropped and have even turned to a net outflow from the country rather than [...]
via Lobe Log
I am hearing the drumbeats of war again. They sound so much like the drumbeats of 2002 that I have to wonder whether the old drummers have been brought out of storage to play the same music to a new audience.
This time the drums are directed at Iran. Surely, [...]
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