This Week in Geopolitics, September 2017
September 25, 2017
The Equifax hack ought to have been the last straw in the saga of our inept computer industry. Critical information on the vast majority of American families was compromised. To say that this was not a rare phenomenon understates it. There has been an endless array of stolen information, from the recent theft of still proprietary stock information from the Commerce Department to the theft of emails from the Democratic National Committee.
September 18, 2017Last May, I spoke at Mauldin Economics’ Strategic Investment Conference and made two points on the situation on the Korean Peninsula. I said that the United States and North Korea had entered into a major crisis and that the crisis would likely lead to war. The crisis ensued, but war has not broken out. As North Korea test-fired another missile that flew over Japan late last week, it’s time to review what happened and why the war hasn’t materialized.
September 11, 2017Low global energy prices have been a strain on the finances of many oil producers, but they’ve hit Russia particularly hard. Oil and gas accounted for 43% of Russia’s government revenue in 2015 and this figure was expected to drop to 36% in 2016, according to the World Bank. But this declining percentage doesn’t mean the government has become less dependent on energy; it’s simply a reflection of low energy prices.