Most expect Korea to bump rates up and to start its exit program to get in front of any potential inflation. There has also been chatter about resource based Norway raising rates as well. Read More
Last Friday, the closely-watched University of Michigan consumer confidence survey registered a disappointing reading of 64.6, when hopes had been for a 70 or so. But maybe it shouldn't have been a surprise, figuring that, during the month, energy prices were high (since reversed, of course), the stock market was struggling, and unemployment continued to rise. Read More
An IMF forecast suggests by next year the economies of at least two BRIC nations could be on fire. Should you strike while the iron's hot or will you just get burned? Read More
I have been warning clients for about two months that the mid-June-mid-October time period is the danger zone for a mood shift, and it looks like we're on schedule. Read More
The leaders of the BRIC nations (Brazil, Russia, India and China) are meeting today in Russia to discuss everything from the financial crisis to the U.S. dollar. Wendy Trevisani, co-portfolio manager of Thornburg Investment Management, discuss the importance of the BRICs and the best places to invest. Read More
Russia proposed a new world reserve currency that would be issued by international financial institutions to reduce reliance on the U.S. dollar. However, Liam Halligan, chief economist at Prosperity Capital Management said the west does not need to be scared, but should learn to “cohabitate” and share the prosperity around the globe. Read More
Managing directors Jim Awad of Zephyr Management and Phil Dow of RBC Wealth Management shared the best places for investors to put their money. Read More
As the buzz about economic recovery grows louder, a new survey reveals the best place in the world to ride out the rest of the recession, which could be one of the first stops on the recovery train. Read More