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Russia’s recessionary contraction has been marked with several distinct features. First, capital account deteriorated significantly. In Q3:2009 it posted a $23.7 billion deficit, reflecting net capital outflows as a result of recovery uncertainties,...
In Wednesday’s edition of WSJ, Johnny Munkhammar and Nima Sanandaji wrote a well-argued dissussion (link) on how Eastern Europe’s advantage in terms of competitive tax rates, low tax burden and sizeable reform efforts in emerging from the crisis offer...
This week saw addition signs that this recovery will be anything but a jobless one.
On Monday the Empire State Manufacturing Survey was released. Amidst a report that shows continued manufacturing growth in the region came this assessment from the...
If you are unfamiliar with hawala banking then I recommend reading Hawala Banking And Currency Controls Part I to become familiar with the concept before reading further. If you are familiar with how hawala banking works then you will probably know...
Earlier in the week, Lowe’s Cos. (LOW) said in the third quarter it saw improved sales in several major big-ticket categories, including major appliances and flooring projects.
Same-store-sales declines for Lowe’s progressively moderated as Q3...
