The rules of the game for market players are simple – when everyone is selling, you should buy – and sell, when everyone else is buying. And most of all – never give in to the herd instinct, and keep looking ahead. This kind of market wisdom is worth heeding for Russian-American economic relations right now, too.
On January 22 the Head of the European Central Bank, Mario Draghi announced the European program of Quantitative Easing. QE, in its Eurozone guise differed from the QE which was formally completed in the USA in October of 2014, although the significance of these events was similar.
Pentagon's Carter says US is developing new plans to deter Moscow, yet Washington is not seeking a Cold War. The Obama administration considers Russia the biggest threat to international security and it intends to increase US military potential to protect the US and allies. What does Carter's Reagan-style invective mean for the bilateral relations?
During the 70 Session of the UN General Assembly the US plans to vote against a motion put forward by Russia and 26 other countries, on the initial non-deployment of weapons in outer space. The US claims the draft resolution is incomplete.
Cuba's Deputy PM Ricardo Cabrisas paid a working visit to Moscow. He noted that the relations between Moscow and Havana are becoming increasingly productive. Meanwhile, regardless of the restart of relations with the US, Cuba will never depend on them politically nor economically.
The four-party Syrian Support Group, which met in Vienna last week, is scheduled to expand. The fact that the so-called “Free Syrian Army,” propped up by the US, Saudi Arabia and Turkey, has given the green light to dialogue with Moscow is a sign of real progress in forming a contact group.
Reports that Syrian rebels have deployed American-supplied weaponry against Russian military hardware in the hands of President Assad's forces have prompted extensive speculation regarding a so-called 'proxy war' between the USA and Russia in Syria. Experts argue weather this is a possible threat or is the issue being exaggerated.
Russia calls US bombing of an Afghan hospital run by Doctors Without Borders “a flagrant breach of international law.” US Brigadier-General Richard Kim, said that the attack was made at the request of the Afghan military, who were coming under fire from Taliban militants. 22 people were killed in the bombing raid.
What does TPP mean for Russia on the Asia-Pacific market, following Obama's passing of TPA, which enables the US President to make foreign trade deals in the next six years without Congress overseeing any details, and now TPP. Russian players face an exceptionally high chance of having to make on-the-fly alterations to suit new game rules.
People's Bank of China sold US Treasuries for more than $90 billion in August. What will happen if China keeps on dumping such a massive share of its dollar reserves or, even worse, increases the sales? Theoretically, the appearance of such a large seller could crash any market and cause very unpleasant consequences for the US.
Russian and US diplomats appeared at differing UN events to discuss the assault on ISIL. Sergey Lavrov, tabled a Moscow-prepared comprehensive draft resolution at UN Security Council, while John Kerry outlined the importance of a common line on the issue.
The main outcome of the first state visit of Chinese President Xi Jinping to the US was an agreement on climate change. Despite the warm atmosphere of the visit, there were no breakthroughs on top issues like cyber security, human rights, and ownership of South China Sea territories.