• OECD Finally Issues Opinion on Brexit Issue

    The Organization for Economic Cooperation and Development (OECD) issued a policy paper this week on the matter of Great Britain’s exit from the European Union (EU), often called “Brexit.” According to the OECD, exiting the EU would cause “a major negative shock to the UK economy.” Thus, the organization has strongly warned against Brexit.

  • More Warnings as Mainstream Urges Brexit Rejection

    As Britain nears its vote to leave the EU, several new warnings have appeared urging voters to vote against an exit.  While several politicians, economists, and financial chiefs have attempted to deter voters from voting to split from the EU in recent months, new warnings in recent days have cast aspersions on the UK’s ability to go it alone economically.

    The BBC reported a 0.2% decline against the U.S. dollar, a 0.6% decline against the euro, and a 1% decline against the Japanese yen in recent trading, while noting volatility has increased in recent days.

  • Is Ukraine’s Dependence on IMF Aid Actually Doing More Harm than Good?

    Ukraine has undergone a recent wave of political, social, and economic instability well documented in the media. Rampant corruption, a flagging economy, and uncertainty over its future have left the nation in desperate straits.

    To pay its obligations, it has relied heavily on loans from the International Monetary Fund (IMF); loans that it may not be able to repay. In addition, the nation may not be finished borrowing from the IMF.

  • Interest Rate Eyed as Federal Reserve Meeting Looms

    Markets are becoming increasingly skeptical of the Federal Reserve as the world's most important central bank heads into a meeting to decide on interest rates.

    After several weeks of strong hints to the world that interest rates were going upwards, both economists and market participants are growing increasingly skeptical that the Fed will actually raise rates.

  • UK Falling Trade Deficit Rebukes Brexit Fearmongers

    A decline in Britain’s trade deficit due to a sharp increase in exports is emboldening supporters of the UK leaving the European Union.  The country’s trade deficit with foreign countries fell significantly, after a high deficit was recorded earlier in the year.

    According to the Office for National Statistics, the trade deficit fell 7.2% in April from the prior month, which other studies suggest are a result of higher exporting activity and resurgence in Britain’s industrial output.