Why Do Top Execs Fear Trump, and Fear to Say So?

Why Do Top Execs Fear Trump, and Fear to Say So?

photo: Gage Skidmore It is not surprising that there is little love for Donald Trump’s presidential candidacy among the leaders of top US multinational corporations. Why then, asks Andrew Ross Sorkin of the New York Times, do they not speak out? Why do they quickly follow up their private comments with, “I could never say that […]

The Timing Is Right for Impact Investing in Latin America

The Timing Is Right for Impact Investing in Latin America

There is increasing momentum behind impact investing—the global movement of investors, development agencies, entrepreneurs, and philanthropists working to realize financial, social, and environmental gains. In Latin America, capital committed by impact-investment funds increased to roughly $2 billion by the end of 2013, from $160 million in 2008, representing a 12-fold growthin just five years. Fourteen to […]

Crash Course Part 3: The Age of Stagnation?

Crash Course Part 3: The Age of Stagnation?

photo: Ken Teegardin There are now three possible scenarios for the global economy and financial markets. The first is the Lazarus economy, where the strategies in place lead to a strong recovery. The US leads the way. Europe improves as the required internal transfers and rebalancing takes place with Germany accepting debt mutualisation to preserve the […]

G20: Overcoming Protectionism, Emerging Growth

G20: Overcoming Protectionism, Emerging Growth

  In Hangzhou, China began the push for G20 to overcome protectionism and fuel global growth prospects. That is vital to reverse stagnation in advanced economies and slowdown in emerging nations. On September 4-5, the leaders of the G20 economies met in Hangzhou. The summit had great symbolic importance that was easily understood in emerging […]

Crash Course Part 2: Crisis Triggers

Crash Course Part 2: Crisis Triggers

photo: Flood G. Triggers There are a number of potential triggers to a new crisis. The first potential trigger may be equity prices. The US stock market runs into trouble. A stronger dollar affects US exports and foreign earnings. Emerging market weakness affects businesses in the technology, aerospace, automobile, consumer products and luxury product industries. Currency […]

The Search for an Effective Macro Policy

The Search for an Effective Macro Policy

photo: Nicolas Raymond Economic growth in the advanced economies seems stalled. This summer the IMF projected increases in GDP in these economies of 1.8% for both 2016 and 2017. This included growth of 2.2% this year in the U.S. and 2.5% in 2017, 1.6% and 1.4% in the Eurozone in 2016 and 2017 respectively, and 0.3% […]

A Lesson in Unintended Consequences: How Clinton’s Policies Would Raise Effective Tax Rates for the Middle Class

A Lesson in Unintended Consequences: How Clinton’s Policies Would Raise Effective Tax Rates for the Middle Class

photo: Marc Nozell Hillary Clinton is often said to be a policy wonk, deeply enmeshed in specifics and details, but that may be a mischaracterization. In some ways, her approach seems disturbingly superficial, skipping one perceived problem to another with little attention to their underlying causes. In some cases, Clinton seems to have paid little attention […]

BlackRock Report Unpacks ‘Brexit’

BlackRock Report Unpacks ‘Brexit’

(Boris Johnson, the Conservative mayor of London and freshly minted Brexit partisan, contemplates the liminal space between ‘inside’ & ‘outside’.) [Photo credit: David Holt]   Americans who follow business and financial news know that a Brexit, the potential exit of Britain from the European Union, could have a major impact on the global economy. But the detailed mechanics of […]

Funds & Fire Sales

Funds & Fire Sales

Earlier today, The New York Fed’s Liberty Street blog posted a disconcerting article about the risks that open-end funds, such as mutual funds and hedge funds, can experience when high numbers of investors demand their money back at the same time. The post — Are Asset Managers Vulnerable to Fire Sales? — starts by debunking a […]

Fed Agrees — On Uncertainty

Fed Agrees — On Uncertainty

photo: doug turetsky Fed minutes from the January 26th & 27th policy meeting released earlier today could be summed up, to a first order approximation, as expressing uncertainty, with a bias to the downside. To wit, from the Current Conditions and the Economic Outlook: “Participants discussed whether their current assessments of economic conditions and the medium-term […]

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