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General Musharraf, the man at the America’s side in the War on Terror who came to power in a military coup d’etat, is out. His replacement is unknown. This is further evidence that the geopolitical situation is becoming extremely volatile.
President Pervez Musharraf is expected to leave office in the next few days before Pakistan’s Parliament [...]

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Haven’t we been told time and again that much of the oil price rise was due to to external event risk like political instability and war? Well we’ve got this is spades and oil is still falling.
Today, Russia has launched a war against its neighboring country Georgia, who’s ex-President Eduard Shevardnadze was once [...]

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In the US, the question has to be centered around consumer inflation expectations and what impact this will have on core inflation going forward. In Asia, the question is what impact will rising inflation have on interest rates and goods produced for export.
Ever since, the Berlin Wall fell and China integrated into the global [...]

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Barclays was successful in raising the money it needed. It was able to avoid a rights issue with the attendant problems that HBOS has faced by going cap in hand to Asia and the Middle East. In the end, it was the Qatar Investment Authority and Sumitomo Mitsui Banking Corporation who bailed out the [...]

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These are the picks of the day according to an article about what international investor Marc Faber is looking at. Despite the article’s bullish call on commodities, I know that Faber is on the record as saying that oil is due for a correction soon. And in Barron’s he mentioned that steel demand [...]

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Morgan Stanley economist Stephen Jen has said that it is the emerging market central banks, not the G-7 central banks who will be most tested by this bout of inflation that we are experiencing. His view of the implications of global inflation square well with Stephen Roach, Morgan Stanley’s head of Asia who recently [...]

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Transcript of the interview with CNBC India here. He’s bearish on oil short-term. He’s bearish on financials and sees bankruptcies in the offng soon. This is a view I share. Bearish on India as well. I’ll be looking to update via the original video, if possible.

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Yesterday, I posted a blog entry detailing how Stephen Roach sees inflation as a concern, not because of food and oil, but because of Asian manufacturers. I find his argument compelling. Don’t get me wrong, I think deflation is the longer-term worry. But, right now an inflationary spiral is of greater concern. [...]

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Stephen Roach is one of the best financial commentators in the business. In the aftermath of the bubble in the late 1990s, as Chief Economist of Morgan Stanley, he was quite bearish and warned of the downside risks for the global economy. But, as Alan Greenspan’s elixir of easy money seduced most market [...]