Kevin O’Leary: “I’m an ambassador for the American Dream”
To a packed Weis Center this past Tuesday, Kevin O’Leary, known for his role as an investor and TV personality on ABC’s long-running show “Shark…
Thought Leader: Kevin O’Leary
Glencore aftershocks will reach the sovereign debt markets
(Original source Financial Times)
“Glencore’s decision last week to cut its dividend, sell off assets and scale back its mineral production in an effort to repair its balance sheet has once again brought into sharp focus the challenges facing the natural resource industry. Over the past year, virtually every commodity across the composite index — metals, minerals, energy and foodstuffs — has suffered a notable decline in price. The one-year return on gold is down roughly 8 per cent, copper prices have declined more than 13 per cent and oil has fallen nearly 50 per cent.
Notwithstanding the carnage in the commodity markets, many emerging market producer countries still have relatively unfettered access to the international debt capital markets. This is helping to mask the fact that many of them (commodity exporters in particular) will increasingly struggle to fund their large budget gaps, and a full-blown global sovereign credit crisis could develop.”
Click here to read more
Relevant and recent posts
Sara Fischer: Lara Trump to interview female WH officials for first Fox show
Lara Trump‘s first show as a Fox News host will highlight the key women who helped get her father-in-law President Trump elected and who now…
Thought Leader: Sara Fischer
Scott Morrison among many to express support for Jewish community
Former prime ministers Tony Abbott and Scott Morrison, among others, have expressed their support for the Jewish community amid troubling times in Australia. This came…
Thought Leader: Scott Morrison
More with this speaker
The Moral Hazard of Lower Interest Rates
Thought Leader: Dambisa Moyo
