Trump Makes One Good Point On NATO

Controversial presidential candidate Donald Trump gave an interview to the Washington Post on Monday that made one, and only one, good point on NATO. Europeans are not paying their fair share of joint defense costs. European intelligence failures that led to Tuesday’s terror attacks in Brussels underscored the issue. When Trump […]

Can China Sustain The Current RMB Exchange Rate?

The RMB exchange rate is perennially caught in the international spotlight. Some say it’s too low, others that it should be lower. The PBOC (People’s Bank of China), which sets a daily reference rate (the ‘fix’) for the domestically traded currency, must walk a narrow tightrope, both shaping expectations, and […]