US Policy Swing – Egypt?

DAILY BASKET – NEWS COMMENTARY

US Policy Swing – Egypt?

MARSAL COMMENTS: It was almost common knowledge, that the US policy (under Obama & Hillary Clinton) encouraged if not instigated the downfall of Mubarak of Egypt and the election/installing of Mursi as president. And Continue reading “US Policy Swing – Egypt?”

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Egypt and Russian Arm Wrestling Over Wheat?

DAILY BASKET – NEWS COMMENTARY

Egypt and Russian Arm Wrestling Over Wheat?

MARSAL COMMENTS: Egypt recently rejected a Russian Wheat shipment, then forbade the unloading of another. To-date, it has stopped seven shipments, claiming problems with wheat specs. Accordingly, it is changing the rules for import. Continue reading “Egypt and Russian Arm Wrestling Over Wheat?”

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Egyptian Devaluation – For Better or Worse?

Egyptian Devaluation – For Better or Worse?

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At last, Egypt devalued its Pound. It has been expected for a long time, and the longer it was delayed, the more damage would the rampant black market have caused.

There is no devaluation without pain. But, if pain leads to eventual recovery, then, as medicine, it must be taken with courage and perseverance – the alternative would be a lot worse. Continue reading “Egyptian Devaluation – For Better or Worse?”

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