Results for “National Policy Institute”

Targeting a stable oil price As a matter of Saudi policy, we would expect a preference for oil market stability over volatility, in line with recent official pronouncements. Although volatility makes it more difficult for high cost unconventional producers to operate, volatility...

Emerging market bonds Preference: neutral EMBI Global/CEMBI spread (24 Oct): 281bps / 334bps (last month: 292bps /363bps) UBS View EMBI Global/CEMBI spread target (6-month): 275bps/290bps ¢ Current spread levels of EM sovereign bonds are roughly in line with fundamentals. We th...

…ttention to local fundamentals while long-term investors can expect to achieve greater gains from cross-market and international diversification. * Local issues must be monitored and understood, though, to decide how to allocate capital and risk. Just to review a few, Japanese...

15 The contradictions and anomalies of U.S. foreign policy have also been on stark display in the Obama administration's differing responses to Qaddafi's and Assad's repression of their own people. Beating up Qaddafi proved doable and necessary to prevent what was viewed as pote...

…rce Saudization has increased over the years to 83%. Furthermore, it is the foundation of its state’s domestic and international energy policy. As such, a decision to partially privatize the energy sector will be a momentous one to be carefully examined by the technocratic and po...

Why Will Debt Level Continue to Rise? Public Debt Projected to Rise 2x Over Next 3 Decades Source: Congressional Budget Office Long-Term Budget Outlook (6/10), Alternative Fiscal Scenario (assuming a continuation of today’s underlying fiscal policy. This scenario deviates from...

…s. You had to ask: What was wrong? And did the failure suggest something even deeper about the position of the dominant national power of the era? About the nature of our age? 3. A few days before Christmas of December of 1787, Thomas Jefferson sat down in Paris to write a lett...

…merica’s long-term health, an imperfect fix that corrects course is better than those that now have us hurtling toward national bankruptcy. And if no candidate secures 270 electoral votes in 2020? The House of Representatives would choose the next president. In 2016, reports su...

…the individual strands cannot provide. In the world | have lived in, the world of politics, political economy and internationalism, the literature exists in abundance. But what is far from abundant are the frameworks for the intuitive resolution of complex problems that require...

…as natural resources, the power to tax or mint currency, or what Treasury calls “heritage” or “stewardship assets” like national parks. Nevertheless, the trends are clear, and critical warning signs are evident in nearly every data point we examine. F2010 Cash Flow = -$1.3 Trill...

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…s project. We also thank the latter two institutions, as well as the China Policy Program of the Elliott School of International Affairs at George Washington University, for supporting and hosting meetings of the Working Group. This report has been a collaborative effort among a...

…n, British bookmakers listed them as a 5,000- to-1 shot to emerge as the champion), the Cleveland Cavaliers’ first ever National Basketball Association championship and, of course, the Chicago Cubs winning the World Series for the first time since 1908! All unlikely. But they hap...

…rategy. American negotiations are aimed now at small problems, not the heart of the issues we face. In what area of our national security today do we appear more confident than a decade ago? What nation does conduct the confident, creative, energetic an global negotiations of the...

…al and diplomatic strategy, reduce positive market risk from Japanese politics, and increase negative risk from Japan's national security. But this is not known until we see actual Trump presidency. If the President-elect shows an understanding for the existing Japan- US alliance...