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What If Russia Invades Ukraine?

Latest developments in the Eastern Ukrainian city of Donetsk, where pro-Russian protestors are demanding a referendum on secession, raise the possibility of Russian military intervention. The interim...

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ECB Update: Draghi Leaves QE On The Table

The European Central Bank's decision to hold interest rates again on April 3 was not surprising, but ECB President Mario Draghi's hint that more radical measures are being discussed, including some...

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Food Price Inflation: Where Are The Risks?

After three major food price spikes in the preceding five years, grain prices declined sharply over 2013, falling by an average of 25%. At BMI, we expect grain prices to head further south in 2014,...

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The Short Distance To A Global War Scare

The distance to a truly global geopolitical crisis is not as far as most people would think. In recent years, we have seen several regional crises, but not a truly global one – at least, not since 9/...

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