Here are this week’s five recommended articles. You’ll see the Flash Crash case get stranger… China’s true intentions… the Fed’s game of chicken… why fintech companies are disrupting traditional banks… and more!
Russia makes no secret of its dissatisfaction with U.S. politics, the dollar and, by extension, U.S. monetary hegemony in the world. The Russian view is that, as time passes, the dollar is in trouble, for a vast array or reasons. The country’s intent is clear… To escape the constraints and political risks of a dollar-denominated world. In fact, Russian leaders are forming a new currency arrangement that will allow them to do exactly that. Byron shows you how to profit from it.