From the category archives:
The DOW is back above 12,000 for the first time since June 2008 – kind of weird to imagine, isn’t it? Does all feel right again in the world? Back in June 2008 the markets buzzing full of bullish energy. The U.S. housing sector tore it all apart, and the Ben Bernank huffed and puffed [...]
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You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound. Not only is the renminbi note red, but it’s got a picture of Mao on the [...]
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The World Bank may lead the rest of us back on to the gold standard a lot sooner than we think. World Bank head Robert Zoellick suggested over the weekend (and for the second time) that the G20 should consider making gold the global reserve currency as part of some major structural changes to the [...]
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When you tally up all the pros and cons, on balance it is quite surprising that the US is officially championing the appreciation of the yuan against the USD. Even when you think about the supposedly increased attractiveness of all those US exports that would ensue, it still doesn’t make a lot of sense on [...]
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Now that the G20 has wrapped up, what can we glean about stock markets going forward? Canada’s PM Harper noted that markets have been skittish as they have been waiting for the G20’s pronouncement on the delicate balance between imposing fiscal austerity but also facilitating continued stimulus in order to abet the global economic recovery.
Summer [...]
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A lot of U.S. news commentary and pundits appear to use the words “yuan” and “renminbi” interchangeably to refer to China’s currency, but the fact is that these terms are not simply interchangeable. It is not like using the words “greenback” and “dollar” to refer to USD – and it is not like the difference [...]
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With the phenomenal growth in sovereign wealth funds over the past thirty or so years – but especially in the last ten – it’s good to stop and take a look at where this new investment phenomenon is at today in 2010.
Here’s a list of the current top 10 sovereign wealth funds around the world.* [...]
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