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Francois Lochon - 1 Sonal Varma - 1 Nomura - 1 lockdowns - 1 BOK - 1 Rhee Chang - 1 Rhee - 1
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☆ Central banks in Asia could soon diverge from the Fed, Nomura says
  + stars: | 2023-07-11 | by ( Jihye Lee | ) www.cnbc.com   time to read: +4 min
Francois Lochon | Gamma-rapho | Getty ImagesCentral banks in Asia could start cutting rates earlier than the Federal Reserve, economists at Nomura predicted. "Our view of Asian central banks cutting policy rates ahead of the Fed in this cycle is based on the fundamental divergences between Asian and U.S. economies," Nomura economists wrote. China's producer prices have already entered deflation territory, while South Korea's inflation hovered around 2.7%, nearing its central bank's target. Seoul could start cutsNomura expects the Bank of Korea to be one of the first central banks after China to cut rates. They pointed to the central bank's governor Rhee Chang-yong shrugging off investor concerns about a weakening South Korean currency.
Persons: Francois Lochon, Sonal Varma, Nomura, lockdowns, BOK, Rhee Chang, Rhee Organizations: Getty, Federal Reserve, Nomura, Federal, Bank of, CNBC, Korean, U.S Locations: Seoul, South, Asia, U.S, China, sputter, Indonesia, Philippines, India, Korea, Singapore, Bank of Korea
☆ A failed war helped bring down the Soviet Union. Now Putin's failing war in Ukraine might set Russia up for a bleak future.
  + stars: | 2022-11-09 | by ( Joy Neumeyer | ) www.businessinsider.com   time to read: +13 min
The Soviet Union's war in Afghanistan and Russia's current war in Ukraine have obvious similarities in their disastrous planning and execution. In the 1990s, Afghanistan veterans' sense of aggrievement fused with that of veterans returning from Boris Yeltsin's war in Chechnya. Putin's war, Russia's futurePutin meets soldiers at a military training center outside the town of Ryazan in October. While glasnost-era revelations about the Soviet war shocked the country into supporting withdrawal, these days there is little left to expose. Public self-criticism surrounding the Soviet war in Afghanistan, however brief and contested, shows that reassessment of imperial ambitions is possible.
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