I can’t help but think back to Day 1 of the invasion, when my AM radio signal was interrupted by babushka music during Biden’s address. Never happened before or since. That weekend there was a story … (View Post)

Country Risk departments are where dossers and theorists reside in banks. The inept ones get made redundant from banks before they’re 30 and join the credit rating agencies, where they are paid less … (View Post)

Banking systems of Ghana and Egypt have run out of foreign currency as a direct consequence of the Fed’s irrational hawkishness. Places that really are vulnerable to currency crises. Probably there a… (View Post)

What exciting times we live in. Stay kind to each other. (View Post)

They’re being resupplied by barge which is a trickle compared to what they need to win the battle. But it’s just enough that Putin thinks they should be able to hold it. As others have said, Putin ha… (View Post)