Economist – Will credit cause a slowdown? IF THERE is a consensus at the moment, it is that the global economy is finally managing a synchronised recovery. The purchasing managers’ index for global manufacturing is at its highest level for six years; copper, the metal often seen as the most sensitive to global conditions, is… Continue reading A Credit Slowdown
Business Insider – Ray Dalio, the founder of the world’s largest hedge fund, has found his voice Dalio has also been conducting on-the-record interviews, and on Wednesday his public relations firm circulated his recent Ted Talk , where he talks about his principles, how the firm uses algorithms to make decisions under its idea meritocracy system, and why… Continue reading Ray Dalio Speaks
View PDF
Bloomberg – Mohamed El-Erian: How Investors Are Dealing With Today’s Uncertainties What last week’s market action demonstrated, once again, was investors’ willingness to set aside considerable unusual uncertainty. They remain deeply comforted by the notion that central banks continue to cover their backs, that corporate cash will continue to be ploughed into the markets via… Continue reading El-Erian Warns On Uncertainty
Reuters – Italy’s dual currency schemes may be long road to euro exit Italy’s main opposition parties are replacing their calls to leave the euro with apparently less radical proposals to flank it with a new currency they say can boost growth and jobs. Yet if any of their schemes are adopted with success they… Continue reading Italy’s Dual Currency Proposals
The Financial Times – The virtual currency boom echoes dotcom fever It is assumed ICOs offering real goods, services or real estate in exchange for cryptocurrencies can somehow tap into this sizeable, albeit potentially illicit and restricted, wealth pool. Yet if competing unregulated economies really start gaining traction, governments will act. China’s central bank has already… Continue reading Comparing Bitcoin To The Dotcom Boom/Bust
Financial Times – US dollar on course for worst week since May: here’s why The buck is on course to notch its biggest weekly slide in almost four months, with investors turning increasingly bearish on the American economy, the potential for rate increases and the Trump administration’s ability to deliver stronger growth. The dollar index, a gauge… Continue reading The Dollar Problem
Bloomberg – Don’t Look Now, But Productivity Is Finally Rising The U.S. economy is accelerating its expansion without more workers or inflation. There’s one long-awaited explanation. It’s the puzzle perplexing central bankers, investors and financial writers: How has the U.S. economy accelerated its expansion in recent months without a big drop in unemployment and with core… Continue reading Productivity is Difficult to Measure Given Technology Gains
Wall Street Journal – Yuan’s Surprise Strength Handcuffs China’s Ability to Manage Economic Decline Currency’s newfound strength surprises traders and adds pressure to country’s businesses The yuan jumped to its strongest level in 16 months this week, bringing its total gain versus the dollar to 7% in 2017, more than recouping all of its decline last… Continue reading Yuan Strength Causing Headaches for Chinese Exporters
MarketWatch – Gold trades at highest in a year, boosted by bruised dollar and sinking Treasury yields Gold continued its march higher Friday after striking a one-year closing high in the previous session as the dollar and U.S. Treasury yields skidded lower. The yellow metal gained, and was on track for a roughly 1.7% weekly gain for… Continue reading Gold Rally Likely to Continue
The Financial Times – Gillian Tett: US Treasury bill jitters lay bare investor angst In normal circumstances, America’s Treasury bill market seems dull as ditchwater. This corner of government finance, after all, is supposed to be ultra safe; it is where stodgy asset managers park their cash. But these days, little seems entirely “normal” in… Continue reading Volatility In The U.S. T-Bill Market