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Today global markets believe in growth again–but tomorrow?
Global financial markets are believers in growth again today. Yesterday what the headlines are calling “solid” (but I’d call tepid) retail sales growth in December reassured investors and traders that...
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At end of the day U.S. markets decide the risk of the plunge continuing in...
On the evidence of the last hour of trading today on Wall Street, U.S. traders and investors just don’t trust China’s markets not to blow up tomorrow. U.S. stocks had staged a rally for most of the day...
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The numbers continue to point to slowing growth in China
The steady stream of bad news on China’s economy has led economists to predict that the Chinese government will lower its target for growth next year to 6.5% to 7% for 2016. The official target for...
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Central banks: If a policy isn’t working, try it again
Global central banks have to feel like The Godfather’s Michael Corleone: “Just when I was out, they pull me back in.” The People’s Bank of China, the European Central Bank, and the Bank of Japan just...
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5 effects of lower than expected inflation in China for October
Inflation in China at the consumer level rose in October at just a 1.3% rate year over year. That, the National Bureau of Statistics said on Monday, was the lowest rate since May and well below the...
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Sell IShares Germany ETF
Just about every reason I had to buy the iShares Currency Hedged MSCI Germany ETF (HEWG) back on March 12, 2015 has evaporated. Weaker euro against the U.S. dollar to drive Germany exports higher? Nah....
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Why a post-Brexit crisis isn’t just like the others
It’s tempting to lump the post-Brexit crisis with earlier crises such as the global financial crisis or the dot.com bust. And there’s a certain amount of logic in the lumping. If Brexit is to move...
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How bad will the effects of Brexit be? Pick your time frame
German investor confidence fell in July on worries over the United Kingdom’s vote to leave the European Union. Released today the ZEW Indicator of Economic Sentiment for Germany, which looks six months...
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