Heave! Heave!

Market froth may stir memories of 2005, but underlying tensions make 2014 a very different beast. Behind the market bravado, improving growth and falling sovereign yields, are central banks – still heaving and trying to sustain recoveries that are a bit loose at the seams. Governments and regulators should be trying to fix their economies … More Heave! Heave!

“The biggest crisis in Europe in the 21st Century”

Only one place to start. The situation in Ukraine is evolving fast, with market risks taking shape. Whether the IMF/EU can find the money to keep Ukraine afloat is a moot point, given the threat of conflict. However, Ukraine’s troubles aren’t over even if loans and peace materialize. The Eurozone crisis has made us all … More “The biggest crisis in Europe in the 21st Century”

Emerging markets should resist systemic crisis

The eerie post-taper calm is over. Disappointing Chinese data appears to be the proverbial straw that broke the back of emerging market confidence. Arguably, disappointing economic news from Beijing disrupts emerging market capital flows as much as any monetary missive from Washington. Unsurprisingly so, since so many emerging economies fortunes are closely tied to China. … More Emerging markets should resist systemic crisis