Earlier this year, the armed coalition led by eastern-Libyan-based commander Khalifa Haftar took most of his country’s southwest, an oil-rich desert expanse three times as large as Syria called the Fezzan. This military operation has fueled speculation as to whether the aging general and former

Source: New York Times Here’s what to expect in the week ahead: Economy Central bankers will debate economic policy. The mysteries of how prices and wages are determined will be the theme of discussions by economists and central bankers at the European Central Bank’s annual forum, which starts

Authored by Peter Koenig via The Saker blog, The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by the bank. I asked around – there

In an article published by the WSJ today, which was originally titled "Are Central Bankers About to Lose Control?" but after some shoulder taps was renamed to the far more neutral "Can Central Banks Keep Control of Interest Rates?" author Jon Sindreu looks at the current Goldilocks state of the

One month ago, Citi's credit team laid out its outlook for the coming year in what - in our opinion - was one of the gloomiest reports for the coming year, and included the following fascinating revelation according to which central bankers appears to have lost control: "That seems to be a growing