Russia cannot spend Indian Rupee. Russia is a major exporter of oil and gas to India. In 2022, India imported about 80% of its oil from Russia. This dependence on Russian oil has increased since the start of the Russia-Ukraine war, as India has been looking for alternative sources of oil. India is also a major importer of fertilizers from Russia. These fertilizers are … [Read more...] about Russia cannot spend Indian Rupee
Mexico Surpasses China as Biggest US Trading Partner
According to the US Census Bureau, Mexico surpassed China as the biggest US trading partner in goods in 2022. The total value of US-Mexico trade in goods was $621.8 billion, up from $594.6 billion in 2021. US-China trade in goods was $606.7 billion in 2022, down from $680.8 billion in 2021. There are a few reasons why Mexico surpassed China as the biggest US trading partner. … [Read more...] about Mexico Surpasses China as Biggest US Trading Partner
The Sunset of Chinese Real Estate
The Chinese real estate market has been one of the most dynamic in the world in recent decades. It has grown rapidly, driven by a combination of factors, including urbanization, rising incomes, and government policy. However, the market is now in decline, as prices fall and investors flee. There are a number of factors that have contributed to the decline of the Chinese real … [Read more...] about The Sunset of Chinese Real Estate
The Russian Economy is Doomed
Moscow's glamour appearance is a Potemkin village. The Russian economy is in trouble, and it is not clear how long the government can maintain the illusion of prosperity. Russia is losing the war in Ukraine:Russia has failed to achieve its initial goal of taking Kyiv, the Ukrainian capital.Russia has suffered heavy casualties, with estimates of Russian military deaths … [Read more...] about The Russian Economy is Doomed
Cryptocurrencies Losing Their Appeal: Is the Hype Fading Away?
Cryptocurrencies burst onto the financial scene with a bang, promising a revolution in the way we think about money and finance. Bitcoin, the pioneer, saw astronomical price increases, and many other cryptocurrencies followed suit. However, as the years have gone by, there are growing signs that cryptocurrencies may be losing their appeal. In this blog post, we'll explore the … [Read more...] about Cryptocurrencies Losing Their Appeal: Is the Hype Fading Away?