8 Unforeseen Consequences of Russian Sanctions
U.K. luxury spending by tourists drops, while McDonald’s and even Miley Cyrus could lose big.
Conservative Economist: Deficit Cutting Has Gone ‘Far Enough’
American Enterprise Institute budget expert John Makin argues that the U.S. is now—thanks to the sequester—on a sustainable fiscal path.
Concidence? Big ETF News Accompanies Big ETF Conference
The week has brought launches of ETPs on the Singapore dollar, BDCs and infrastructure, along with Schwab’s commission-free platform.
Rogoff and Reinhart’s Mountain of Debt Warning Catches Fire
As market talk focuses on the dangers of the U.S. fiscal cliff, Kenneth Rogoff and Carmen Reinhart’s debt theory is catching fire with the nation’s investment strategists.
Foreign Exchange Market Backs Away From Risk
The practice of borrowing in low-yielding currencies to take advantage of higher yields in others is not as common as it has been.
G7 Sets Crisis Conference Call After Soros Warning
G7 leaders planned a conference call Tuesday ahead of a scheduled mid-June summit meeting, after a weekend warning by the billionaire George Soros that Europe had just three months to salvage the euro.
New World Bank Chief Faces Struggle to Stay Relevant
President Obama’s nominee for the top slot of the World Bank was named to that post on Monday, but the challenges Jim Yong Kim faces will not just be those of running the institution but of keeping it relevant.
BRICS Hit West Over IMF, Policies
The BRICS were hitting Western nations on Thursday, pressing them for more voting rights at the IMF this year and assailing them over monetary policies they said put the stability of the global economy in danger.
Emerging Markets’ Growing Middle Class a Boon for U.S. Investors: Outlook 2012
During the 2012 outlook season, investment strategists and other market watchers have repeatedly taken note of the growing middle classes in China, Southeast Asia, India and Brazil.
EuroPac’s Schiff, Goldman’s O’Neill Split on Obama Jobs Plan
Predictions about the potential success of President Barack Obama’s jobs stimulus plan have come flooding in as commentators consider his $447 billion American Jobs Act proposal. Equally predictable has been the polarized response.