If an economist or advisor suggested to you on December 31st of 2012 that your strategy for 2013 was going one 100% in Developed Market equities – in particular the S&P 500 – you most likely would have thanked them for their services and promptly fired them. But in fact it would have been you [...]
The budget for fiscal year 2015 (October 2014 through September 2015), just published by the White House, presents an optimistic prognosis for US fiscal health. Like all budgets, it looks ahead not just one, but several years. It projects that the budget deficit, expected to be 4.1 percent of GDP in 2013, will fall to [...]
Policy makers in the advanced economies at the core of the global financial crisis can make the claim that they prevented a new “Great Depression”. However, recovery since the outbreak of the crisis more than five years ago has been sluggish and feeble. These macroeconomic outcomes have to some extent been shaped by the policy [...]
Crisis in Crimea
The conflict between Russia and Ukraine escalates, evoking fond memories of the Cold War.
Must ReadEmerging Markets
NEW YORK – One definition of an emerging-market economy is that its political risks are higher, and its policy credibility lower, than in advanced economies. After the financial crisis, when emerging-market economies continued to grow robustly, that definition seemed obsolete; now, with the recent turbulence in emerging economies driven in part by weaker economic-policy credibility [...]
Megabanks’ stock prices continue to climb, as investors have realized that the further the financial crisis fades into the rear-view mirror, the more easily these firms can find new sources of profit by exerting market power and skirting regulations.