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Daily Memo: ‘Grave Danger’ in Oil Markets and North Korea

Kim rumors. CNN on Monday night, quoting a single U.S. intelligence official, reported that North Korean leader Kim Jong Un is in “grave danger after undergoing a previous surgery.” Bloomberg was likewise told by unnamed U.S. officials that Kim was in critical condition following a cardiovascular surgery. South Korean media confirmed that Kim had had […]

Recession and Depression

A recession is an essential part of the business cycle. Among other things it culls the weaker businesses and redistributes capital and labor for...

South Korea After COVID-19

For a brief moment in mid-February, the South Korean city of Daegu looked like it was heading the way of Wuhan, the Chinese megacity...

Fiscal Measures to Combat the Coronavirus

(click to enlarge) As the coronavirus has spread across the globe, it has paralyzed economies. With widespread quarantines, demand has lagged, supply chains have been...

Postponing an Oil Production Catastrophe

Fresh off helping to broker a global agreement on oil production cuts on April 12, U.S. President Donald Trump has declared American cuts a...

Daily Memo: Weighing Out Costs of the Coronavirus Crisis

WHO will pay for it? The United States has cut off its payments to the World Health Organization (WHO) over the agency's alleged mismanagement...

The Myth of the Middle East Regional Powers

In an April 10 teleconference meeting among Turkey, Azerbaijan, Kazakhstan and Kyrgyzstan, Turkish President Recep Tayyip Erdogan predicted the emergence of a new world...

Daily Memo: Disastrous Growth Forecasts and Unhealthy Banks

Economic damage assessment. The International Monetary Fund trimmed its global growth forecast on Tuesday. The IMF is projecting the coronavirus slowdown to be the...

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