▶ Ambrose Evans-Pritchard - 'America more financially powerful'
Evans-Pritchard speaks of jubilee, and of the carry trade unwinding, with hot money leaving the developing world in shambles once interest rates rise. Interesting conversation about the stupidity of the Euro as a currency is worth watching. China is slowing, and that could impact the world adversely.
America now has the power to really hurt Russia, he says. But will Putin make us pay? That remains to be seen.