China Deepens Reform and Privatization of State-Owned Enterprises We wrote a few weeks ago that events in China show Xi Jinping decisively consolidating his power — specifically, the downfall of Zhu Yongkang, a former member of the Politburo Standing Committee and the most powerful politician to be investigated for corruption in the Read more…
What Is the Bond Market Telling Us? Interest rate levels have been confounding many professional investors around the globe. U.S. government benchmark 10-year interest rates began 2014 near 3.00 percent, but they have been sliding back to about 2.40 percent recently. The rally in bond markets and corresponding declines in yields are Read more…
New BRICS Institutions Highlight the Changing Global Financial Order Leaders of the BRICS nations — Brazil, Russia, India, China, and South Africa — have taken a decisive step to increase their clout in global finance and reduce their dependence on financial institutions dominated by Europe and the United States. For now, this Read more…
Market Summary World Stock Markets The U.S., Europe, and Asia remain in bull markets, but the markets in the U.S. and Europe are in the middle of a mild stock market correction. Causes include the military actions by Russia in Ukraine, and fighting in Iraq, Syria and Libya, which are all exacerbated Read more…
Google Gets Ready to Take Preventive Medicine to the Next Level Google products have worked their way more and more deeply into our daily lives, and the great utility they provide depends on massive trawls of data. A Guild staffer who recently relocated to Los Angeles from the east coast depends on Read more…
Industrial Internet:Efficiency Gains Will Drive Adoption of the “Internet of Things” With a mind-set still shaped by the austerity of the Great Recession and its aftermath, companies are looking for the most cost-effective ways to deploy their cash. We believe that the development of the industrial internet, or the internet of things, Read more…
India — Modi’s Budget Is Growth-Oriented and As Expected The release last week of the first budget from India’s new administration was about what investors expected. The Indian stock market had already run up substantially this year in anticipation of a likely victory by business-friendly Narendra Modi and his Bharatiya Read more…
Market Summary Economics, U.S. and Global U.S. employment numbers are positive for the last few months, and U.S. industrial production is increasing as we have predicted in these pages. The unemployment rate has fallen to 6.1 percent, and the U6 — often called the underemployment rate — has fallen to 12.1 percent. Read more…
Regulators are Forcing Banks to Get More Conservative Last Wednesday, Federal Reserve governor Daniel Tarullo addressed the Fed’s symposium on stress test modelling. This is a now-annual gathering of Fed officials and financial industry participants, where the discussion focuses on the Fed’s efforts to evaluate the strength of banks in the face Read more…
Cash Influx Into Peripheral Europe Grows Again Foreign direct investment into the peripheral countries of the Eurozone was in retreat from 2007 on. Inflows are still low compared to pre-crisis levels, but there are signs that there is renewed appetite for opportunity in the economies hit worst by the global financial crisis Read more…
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