Popularity of indexing creates more losers than winners Sovereign wealth withdrawals contribute to manager woes
The story of oil is the story of the modern world. And this is the story of those who helped shape that world, and how the oil-igarchy they created is on the verge of monopolizing life itself.
FRANKFURT, Germany (AP) -- Swiss bank UBS saw its shares slide on Tuesday on news that investors had pulled billions out of its division serving wealthy clients - a token of the market turbulence that has shaken the world in the past few months.
For the last 75 years, almost every economic crisis has been preceded by an oil price spike. The worry now is that low energy prices are pushing the global economy into a tailspin.
"The tensions in the international situation have seriously increased over the past few years and this happens primarily because a group of Western nations, first of all, the United States of America, are neglecting the major principles of internat
Economists are still hotly debating whether the oil crash has been a net positive for advanced economies.
Alistair Owen pours most of his paycheck into what he calls a travel-and-lifestyle fund.
There have been remarkable gyrations in the gold sector lately. The typical rebound out of a November/December low (typical in recent years after the end of the tax loss selling period) was initially cut short in January in the course of the global s
Over the past year, we have frequently warned that the biggest financial risk (if not social, which in the form of soaring worker unrest is a far greater threat to Chinese civilization) threatening China,....
As extensively discussed yesterday in the aftermath of the BOJ's stunning decision to cut rates to negative for the first time in history (a decision which it appears was taken due to Davos peer pressure, a desire to prop up stock markets and to puni
Let's Do More of What Doesn't Work
Based on today's GDP release, it appears that the US economy is slowing but not near any sort of massive collapse. Peter Schiff begs to differ.
TN Note: This article was written by Patrick Wood on February 24, 2015, and is as relevant today as it was then.
There is just one phrase to explain the market's reaction to last night's BOJ announcement that it would join the ECB, Sweden, Denmark, and Switzerland into negative territory: stunned shock.
In early 2015, after years of China's massive debt pile being roundly ignored by most so-called experts...
When commenting on yesterday's dreary 5 Year auction and previewing today's last for the week issuance of $29 billion in 7 Year paper we said that "perhaps the reserve liquidators who showed such interest in the short-end of the curve...
China is ramping up efforts to halt a flood of money leaving the country in response to an economic slowdown, moves that risk undermining Beijing's ambition to elevate the yuan's profile on the world stage.
Oil can't seem to get a break. After falling just below $27 last week, oil finally rallied back to $32 before falling back to just under $31 on Tuesday.
Japan adopts negative interest rate ... In a surprise move, the Bank of Japan has introduced a negative interest rate.
The Illusion of Safety: Index Funds Are Not Low-Risk ... If the risk-on euphoria of punters borrowing billions of dollars in margin debt doesn't materialize, stocks could languish for years after falling 50%.
Investors today are focusing on the wrong asset class. Stocks started off the year with one of the worst drops in recent memory. As of this morning the S&P 500 was down over 7% for the year thus far.
Huge Negative Revisions; Recession Here?
The 50 most violent cities in the world ... Latin America holds the undesirable distinction of having the most cities on the Mexico Citizens Council for Public Security's annual ranking of the world's most violent cities. Of the 50 cities on the list
global economies and oil prices
Inflation-racked Argentina is preparing to issue larger-denomination banknotes to alleviate critical shortages of cash in the country. What a difference between the Argentine government and most other Western governments, which seek to crack down on
The sharp sell-off in the stock market has some of Wall Street's top strategists recommending to clients that they buy.
They are in high-end malls, at the international airport, even on the steps of the nation's central bank. Most display stamped customs documents, making them appear not only benign but official.
Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world's political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world.
$681 Million In Mystery Money Found In Malaysia PM's Bank Account Was "Personal Donation" From Saudis
In light of today's dramatic risk reversal which saw futures plunge overnight only to U-turn and soar alongside oil, many rates watchers were concerned that absent substantial concessions today's 2 Year auction would be problematic to say the least.