Can the Eurozone Survive a Stormy 2013?
The eurozone and its politicians continue to face many unresolved and highly important issues.
A Stimulus-Crazed World
Can central bankers reflate the world to prosperity?
China Bank Head Ditches IMF Meet in Snit Over Islands
Meetings of the IMF and World Bank were a few short as they got under way this week in Japan.
Global Investing and Election: 6 Key Strategies by 6 Top Analysts
To sort out the pros and cons of international investing this election season, AdvisorOne went straight to the source for some of the best commentary from thought leaders in asset management.
China Could Cut Rates After Cash Boosts
Zhou Xiaochuan, governor of the PBOC, said that despite the fact that the country has already added more cash to its economy, additional measures, including a cut in interest rates and/or a change in banks’ reserve requirement ratio, could also be deployed.
MSSB Loses $600 Million Lerner Group to HighTower
This is the seventh new advisor team in 2012 to join the Chicago-based financial services firm run by CEO Elliot Weissbluth.
Hussman’s Scary Question: ‘What if Fed Throws a QE3 and Nobody Comes?’
The noted portfolio manager, who believes a global recession is already unfolding, says problems can’t be solved by ‘more reckless bubble-blowing’ by the Fed.
Spain Downgraded, Seen Asking for Bailout Saturday
Fitch cut Spain’s credit rating by three notches late Thursday, leaving it two levels above junk, and Friday morning word circulated that the country would ask for a bailout on Saturday.
Spain Auction Beats Target
Although yields were at a high not seen since November, Spain exceeded its target at a Thursday bond sale, easing fears that financial markets were closed to the country.
China Money Market Rate Jumps
Chinese money market rates have jumped, leading to speculation that banks in that country are hanging onto their cash in response to regulatory requirements that oblige them to boost capital.