Bonds to get by without a little help from central banks

The rebound of global growth is sounding the death knell for easy money, so debt markets should see the backs of central banks in 2018, although a gradual withdrawal should help avoid a new tantrum sending interest rates spiking. The colossal sums that central banks injected into the financial systems to ward off economic cataclysm went… Please follow and like us:

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Trump and ‘Davos Man’: best of enemies

A compelling clash of cultures will unfold in the vertiginous Swiss Alps this week as Donald Trump, just over 12 months into his high-wire presidency, confronts the cheerleaders of globalisation in Davos. Having whipped up working-class resentment of the global elite to devastating effect en route to the White House, the US president’s “America First” vision… Please follow and like us:

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6 Hedge Fund Trends to Watch in 2018

Hedge fund assets have hit record highs in each of the five past quarters, to some $3.2 trillion, and will grow by 5.5% over the next 12 months, according to Don Steinbrugge, head of Agecroft Partners, in his annual predictions of industry trends. Assets have risen despite a drumbeat of bad news about hedge funds, Steinbrugge… Please follow and like us:

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London investors may get access to Chinese bonds

Investors in London may get an opportunity to buy Chinese bonds on the Shanghai Stock Exchange, if a feasibility study proves positive. Sherry Madera, the City of London’s special representative for Asia, told journalists in the British capital on Tuesday that the feasibility study into the Shanghai-London connect will start soon. It could be the first… Please follow and like us:

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Net Investment Flows Turn Positive As Growth Picks Up

Nearly ten years on from the start of the financial crisis and it looks as if the recovery is well and truly here. According to Bloomberg, the second quarter was the best earnings season for US companies in 13 years, with more than three-quarters of the Standard & Poor’s 500 member companies beating analyst expectations. Even… Please follow and like us:

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NAFTA negotiators hold new talks amid fears of collapse

After three months of thorny negotiations, fears of a breakdown are hanging in the air as the US, Mexico and Canada begin new talks on the North American Free Trade Agreement Friday. The fifth round of talks on updating the 23-year-old deal will be a low-key affair, with the top trade officials from all three countries… Please follow and like us:

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VENEZUELA – On brink of bankruptcy, Venezuela faces day of reckoning

Locked in a deep economic crisis, Venezuela’s beleaguered government has summoned creditors for crisis talks on Monday as it lurches dangerously close to defaulting on its debt. The country with the world’s largest known oil reserves is on the brink of bankruptcy, and its embattled President Nicolas Maduro is fast running out of options. With his… Please follow and like us:

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Chinese economic expansion requires U.S. to up its game

So far, the Trump economy is a resounding success. Unemployment is down, wage gains are stronger and stocks are setting new records, but a lot more than tax and regulatory reform will be needed to deliver the economic growth Americans should expect and deserve. The IMF predicts 2018 will be a banner year for global growth… Please follow and like us:

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China economic slowdown increases

The news during the Chinese Communist Party Congress was supposed to be uniformly positive. But the Oct. 19 press conference of Zhou Xiaochuan, the governor of China’s central bank, was not. After admitting that the country’s high debt was high, he surprised everybody by adding that it was not so high as to cause a “Minsky… Please follow and like us:

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Moody’s On Global Economy: So Much Debt, Yet So Little Growth

Earlier this year, the Institute of International Finance warned that global debt growth has reached an “eye-watering” pace over the past decade and hit an all-time high of $215 trillion last year. The IIF said total debt levels, including household, government and corporate debt, climbed by more than $70 trillion over the last ten years to… Please follow and like us:

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In Defense Of Cash: Why We Should Bring Back The $500 Note And Other Big Bills

A world without cash seems wonderful at first glance since it is convenient and fast. You don’t need to withdraw dollars or euros ahead of time. You don’t have to worry about money being lost or stolen. Paying for things with your phone is a breeze. Many countries around the world are steadily shifting away from… Please follow and like us:

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Tax – US won’t support French proposal on taxing tech giants

The United States does not support a French proposal to tax the gross revenues of international tech corporations like Google and Amazon, Treasury Secretary Steven Mnuchin said Saturday. The remarks come as European officials say Washington has softened in recent days on a point that has caused sharp transatlantic tensions in recent years. European authorities have… Please follow and like us:

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China’s goods trade ‘sound and steady’ on rising demand

BEIJING — China’s goods trade has had a “sound and steady” performance in the first three quarters of this year, mainly due to rising international demand and a strong Chinese economy. China’s goods trade volume rose 16.6 percent to 20.29 trillion yuan ($3.08 trillion) in the first three quarters of this year, the General Administration of… Please follow and like us:

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Global economy chiefs told to reform while going is good

Finance chiefs from around the world were warned Thursday to get their houses in order while the global economy is strong and be ready for possible shocks in the future. World Bank President Jim Yong Kim and International Monetary Fund Managing Director Christine Lagarde said that countries must address their mounting debts and deepening inequalities now,… Please follow and like us:

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Tokyo’s Nikkei stock index closes at 21-year high

Tokyo’s benchmark stock index closed at a more than two-decade high Wednesday, as the Japanese market rides a global equities rally with its US counterparts hitting fresh records. The Nikkei 225 rose 0.28 percent, or 57.76 points, to end at 20,881.27, its best finish since December 1996. The Japanese market closed at levels last seen the… Please follow and like us:

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