The Business Times
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Mark Sobel

US CHAIR OF THE OFFICIAL MONETARY AND FINANCIAL INSTITUTIONS FORUM (OMFIF)

As a unit of account, the renminbi’s share of global trade finance is well under 10%.
THE BROAD VIEW

Is China prepared to give up control?

2026-07-24T03:31:16.000Z
Monetising gold stocks could generate resources for good use. For example, US debt held by the public stands at roughly US$30 trillion. US gold sales could generate more than US$850 billion for the US Treasury.
THE BOTTOM LINE

Financial authorities should responsibly sell their gold stocks

2025-07-07T23:00:00.000Z
US President Donald Trump is tearing apart the glue that holds the G7 together, and it now faces the question of whether it can even continue, or function properly, at least, over the next four years while he is in the top job.
THE BOTTOM LINE

The G7 is at a critical crossroads

2025-06-10T21:00:00.000Z
US Secretary of the Treasury Scott Bessent is known for his "3-3-3" plan, which has been dismissed across the board as wildly unrealistic.
THE BOTTOM LINE

Scott Bessent has an unenviable job

2025-02-26T21:00:00.000Z
President Donald Trump (centre) signing an executive order directing Treasury Secretary Scott Bessent (left) and commerce secretary-designate Howard Lutnick to develop a plan for a US sovereign wealth fund within 90 days.

US sovereign wealth fund debate: A solution in search of a problem?

2025-02-10T21:00:00.000Z
A "Make America Great Again" hat in front of the White House. Any Trump 2.0 push on currency policy is likely to stir up a hornet’s nest, but will not change the underlying US macroeconomic dynamics driving imbalances.

‘America first’ showcases Trump’s currency confusion 

2025-02-04T10:00:00.000Z
Bitcoin is not a proper hedge against inflation. Rampant price fluctuations in Bitcoin belie the properties of a store of value.
THE BROAD VIEW

Bitcoin is not the answer to US economic problems

2025-01-17T21:00:00.000Z
With the relationship between the US and China likely to get frostier under Donald Trump, there are questions over what strategy the Department of the Treasury will adopt regarding the East Asian giant.

Scott Bessent may rue the day he became US Treasury secretary

2024-11-26T21:00:00.000Z
The IMF offers various precautionary lending instruments, including its flexible credit line and a short-term liquidity line.
THE BOTTOM LINE

The Fed, the IMF and global ‘last resort’ lending

2024-10-09T21:15:00.000Z
The Nasdaq stock exchange in New York on Aug 5. There has been a massive global stock-market sell-off in reaction to the US unemployment report.

US fears of recession are exaggerated

2024-08-06T21:00:00.000Z
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