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Saudis In A Tight Corner -- The Princes Make Clever Moves & Mistakes, Too

Saudis In A Tight Corner -- The Princes Make Clever Moves & Mistakes, Too

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

The fanfare surrounding President Trump’s visit to Saudi Arabia failed to lift the shroud off the very tight corner that the Kingdom was in. It is a corner that some of the Princes realize they have allowed themselves to be pushed into. If they are to escape, a large dose of potent medicine will be required.

Venezuela: On the Use and Misuse of the IMF’s Unreliable Figures

Venezuela: On the Use and Misuse of the IMF’s Unreliable Figures

Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

 

The International Monetary Fund’s (IMF) World Economic Outlook (April 2016) forecasts inflation to rise to 720 percent by the end of 2016. This number, which is nothing more than a guestimate, is now carved in stone. The media, from Bloomberg, the New York Times, the Washington Post, the Wall Street Journal, to countless other ostensibly credible sources, repeats that guestimate ad nauseam.