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Foreign Policy magazine argues that Israel and Palestine are both tiny areas, basically large metropolises, and that it is in the economic interests of both to find a working peace. Herein lies on the only real hope of peace, and it is the issue that politicians and mediators should focus on. A refereshing look at a very jaded topic.
With the ECB meeting and US jobs data the key events of the week, it is understandable the August US trade balance, due out Friday, is not drawing much attention. However, the combination of the growth differentials, favoring the US, and the strong dollar lead to some concerns that trade will act as a drag on GDP. Read more
Stephen S. Roach,
Isam al Khafaji,
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