Other markets stable but still jittery after Friday's global wipeout
A key private equity reformer weighs in against the current version of California Treasurer Chiang's fatally weakened transparency bill.
Many investors fled in panic after the U.K.'s stunning vote to exit the European Union -- that's a mistake
By Michael Pettis, a Senior Associate at the Carnegie Endowment for International Peace and a finance professor at Peking University’s Guanghua School of Management. Cross posted from China Financial Markets. For the past ten years much of what I have written about debt in China was aimed mainly at trying to convince analysts and policymakers […]
Looking for a good place to retire? Consider weather, cost of living, culture and health care
(June 27, 2016 12:03 AM, by Bryan Caplan) My next project is my non-fiction graphic novel on the ethics and social science of immigration, tentatively titled All Roads Lead to Open Borders. But I've already begun outlining the my next big word book, Poverty: Who To Blame. Here... (0 COMMENTS)
That's only a small exaggeration. He touted a study by Steve Rose showing substantial income gains for upper middle class households over the last four decades. The study did not take account of the extent to which incomes rose because...Show More Summary
Back in 2011 the Bank of International Settlements (BIS) began warning of the risks of run away inflation associated with the expansionary monetary policy being pursued by the Fed, the European Central Bank and other central banks. It is still making these warnings. Show More Summary
After losing more than $2 trillion worldwide on "Black Friday," investors wonder how much is at stake this "Brexit Monday"
(1) Recession Chances?: The chances of recession are smmall, but not very small. Robert Solow likes to quote Damon Runyon that nothing between humans is more than 3 to 1. We have a very hard time imagining how fat the tails are--and so even when things look clear there are...
Over at [Equitable Growth](http://EquitableGrowth.org): Must-Reads: [In Which I Call for Academic Scribblers and Funct Economists to Enter into Utopian Frenzy with Respect to the Institutional Design of the Eurozone - Equitable GroShow More Summary
From Goldman Sachs economist Jan Hatzius and Sven Jari Stehn: After the Brexit Shock Following the UK referendum, we have downgraded our global growth forecast, sharply in the UK and more modestly elsewhere. Increased uncertainty and...Show More Summary
Few people want to think about a grim, rather than ever-better, future (I have for awhile now), but preparation offers more protection than hope. That's why I have started a new project, Life Plus 2 Meters, that will give authors and readers the chance to explore many possible visions of...
The sense of having a real say, and possessing actual agency, is very empowering, and very rare, for members of the lower-middle class and the working class today.The premier strategy for retaining power is to give the powerless a carefully...Show More Summary
The British people powerfully repudiated their political and business elites last week by voting in favor of Britain exiting the deeply flawed European Union (E.U.). The post Why We’ll See Stocks Act Like Bonds and Currencies Soon was originally published at The Wall Street Examiner. Follow the money!
Well, they did it. Brits have voted to leave the European Union. Now what? I wrote last month that Brexit could take a wrecking ball to your portfolio. And judging The post Brexit: The Good News, and the Not So Good News was originally published at The Wall Street Examiner. Follow the money!
“Pace of U.S. New Home Sales Slows in May” was the Wall Street Journal’s headline on the Census Bureau’s report released last week. But the body of the article had an entirely different tone, exemplified by “Broadly, other data showShow More Summary
Roger Farmer: Property Rights, the Income Distribution and China:...why has the distribution of income, in the United States and Europe, tilted towards capital and away from labor over the past few decades? There is growing evidence that this redistribution...
Morgan Stanley analyst: The offer "raises a number of questions around governance that may test the bond of trust"
No, this is not from The Onion: Presumptive Republican presidential nominee Donald Trump said on Saturday that he wouldn’t characterize his immigration policies as including “mass deportations,” drawing a sharp retort from the campaign of Democrat Hillary Clinton. Trump, in an interview at his golf course in Aberdeenshire, Scotland, said that rather than a blanket […]