Mike Pence on Leadership and the Future of the Republican Party
Former US Vice President Mike Pence looks back on the events of January 6 2021, his final days in office with President Trump and his…
Thought Leader: Mike Pence
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
Marc Short on U.S. Investment in Critical Minerals
Why do critical minerals matter now? Marc Short explains how U.S. investment in critical minerals fits into a broader strategy around economic security, manufacturing, and…
Thought Leader: Marc Short
Marc Short on AI Policy and the Government’s Role in Chip Technology Investment
On CNBC, Marc Short breaks down the role of AI policy and how government investment is shaping the future of chip technology. A former Chief…
Thought Leader: Marc Short
More with this speaker
The Moral Hazard of Lower Interest Rates
Thought Leader: Dambisa Moyo
