A Crisis Is Coming

My long career as a macro-economist both at the IMF and on Wall Street has taught me that it is very well to make bold macro-economic calls as long as you do not specify a time period within which those calls will occur. However, there are occasions, such as today, when the overwhelming evidence …

China is getting real about dangers in its financial system. While de-risking has been the government’s mantra since 2015, the country’s most powerful politicians have been ramping up directives on everything from excessive borrowing to stock-market speculation. Those efforts have gained momentum …

The Financial Benefit of Skipping Valentine’s Day. Save money by opting out of pricey dinners and jewels – just make sure your honey is cool with it first. By Susannah Snider, Staff Writer |Feb. 13, 2018, at 11:05 a.m.. The Financial Benefit of Skipping Valentine’s Day. Share. ×. Share on Facebook · Post on Twitter.

BlackRock has started to include emojis in its analysis of social media data, claiming the popular symbols for conveying emotions can help inform its approach to risk management following political elections. David Wright, head of product strategy for Europe, the Middle East and Africa at the asset …

Last week saw one of the largest increases in volatility since the financial crisis as equities tumbled. Even so, many market pundits say not to worry because the U.S. economy is still expanding at a strong pace. That may be true now, but when volatility exploded in the past the economy usually took a hit.

The spectacular increase and recent plunge in the price of Bitcoin and other cryptocurrencies have raised concerns that the bursting of the Bitcoin bubble will cause financial markets to crash. They probably won’t, but the Bitcoin bubble should finally destroy our faith in the efficiency of markets. Since the …

“We will remain alert to any developing risks to financial stability,” he said Tuesday in the text of remarks in Washington at his ceremonial swearing-in. “We are in the process of gradually normalizing both interest rate policy and our balance sheet with a view to extending the recovery and sustaining the …

President Donald Trump’s nominee to lead the troubled Indian Health Service left his latest employer in a state of financial disarray, filed for personal bankruptcy and had liens imposed on one of his own businesses for failing to pay federal taxes, according to public documents and interviews. The nominee …