This Great Graphic is from Kurtosys. It provides a quick overview Europe’s asset management industry. Previously, we posted its infographic on the ownership of US mutual funds.
The major economies are recovering, but their debt burden remains substantial. The regulatory regime for banks has tightened. Many economists, including Rogoff and Reinhart, in a paper at the end of last year, warned...
The significance of the hugely disappointing December jobs report will continue to be debated. One interesting aspect, pointed out by Catherine Rampell at the New York Times, is the gender composition of the new jobs. In...
The shockingly poor US employment data is bolstering bonds, while initial equity market gains have been reversed. It is weighing on the dollar, nearly across the board, and giving some of the accessible emerging market...
US: The broad characteristics of the investment climate are unlikely to change very much in the first part of next year. The largest policy change is the beginning of the long awaited slowing of the Federal Reserve’s...
I had been one of those analysts that did not expect the Fed to announce tapering this month. There were two arguments that we had found compelling. The first was inflation, as measured by the Fed’s preferred metric,...
The deviation of the economy from the Federal Reserve’s targets is actually more pronounced now than a few months ago. This Great Graphic comes from Benn Steil’s Geo-Graphics blog. Composed with Dinah...
There is an ideological caricature of Americans who are aided by public assistance. Claims of fraud and waste are rampant, but the actual evidence is sorely lacking. It is not that there is no fraud or waste, but that it...
Even in this age of globalization, the sovereign retains a monopoly on two things: the legitimate use of force and the power of coinage. The rise of the bitcoin, and digital currencies general, pose a challenge...
The emergence of the bitcoin is a big story of 2013. One currency strategist from a large bank says fair value is $1300. Another currency strategist has suggested that central banks don’t want to be the...