Dr. Steinbock is Guest Fellow of Shanghai Institutes for International Studies (SIIS). He also has affiliations with think-tanks focusing on the United States, Europe and India. For more see: http://www.differencegroup.net
Recently, foreign holders of US treasuries have been dumping their holdings more and at record pace. Optimists see it as a temporary fluctuation. Realists warn about structural change.
While OPEC production cuts could slow the plunge of Nigerian naira, the real headwinds are ahead, thanks to the impending Fed rate hike, the incoming Trump administration and U.S. dollar as the new fear index.
As China's growth is decelerating, U.S. observers see the country as the "biggest threat to the global economy." They mistake China's secular challenges with its cyclical slowdown.
The rise of anti-establishment Italy, hardly a surprise, is the effect of failed austerity doctrines in Europe and failed political consolidation in Italy.