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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.
This is an eventful week, but the economic calendar starts slowly. The FOMC meeting, first look at Q1 US GDP and the US jobs report, are the highlights. The capital markets are also off to a slow start. The US dollar is narrowly mixed. Against most of the major currencies, the greenback has been confined to about a 15 tick range. Read more
Jeffrey D. Sachs,
Mario Blejer & Eduardo Levy Yeyati,
Isam al Khafaji,
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