Along with bank runs and market crashes, oil shocks have rare power to set monsters loose. Starting with the Arab oil embargo of 1973, people have learnt that sudden surges in the price of oil cause economic havoc. Conversely, when...
Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to stamp out speculation that it might be forced to break the link between its currency and the dollar. Authorities this week ordered banks to...
Karen Chou, a 32-year-old bank worker in Beijing, had a New Year’s resolution: sell yuan, buy dollars. “I’m not optimistic about China’s economy,” she said, after rushing to exchange some of her savings for U.S. currency as part of heightened demand...
Are equities always the best investment for the long run? It is the message that is usually sold to individual investors. The message is based on theory; equities are riskier than government bonds so should offer a higher return (the...
A high-profile Bitcoin developer has said the crypto-currency has failed and he will no longer take part in its development. Mike Hearn, a Zurich-based developer and long-time proponent of Bitcoin, surprised many this weekend when he published a blog calling...
Back to the Future It's January 1, 2016 and Great Scott! It feels like we've gone back in time to the beginning of 2015, at least in terms of the market. The markets rallied in the fourth quarter but still...
Many investors blame the escalating weakness in corporate credit on falling commodity prices. But that’s only one piece of the story, one that ignores a collapsing credit cycle amid a much broader global slowdown. Standard & Poor’ said on Tuesday...
Worries about the Chinese economy continue to dog global markets. Famous economists and investors are making grim predictions. Is 2016 the year of doom and gloom? Having trouble? Click here » The Economist
...Strive to pay off lingering debt and get your finances in order in 2016. A new year is approaching, and with it comes the desire to do better. We make New Year's resolutionsfor all aspects of our life, and our money...
ONE of the many oddities of the topsy-turvy world of Chinese finance is that red is green and green is red. In most countries “going into the red” means losing money; stocks that are falling are often depicted in red...
Elizabeth Holmes’s blood-testing ambition has long collided with technological problems. The night before a big meeting with a Swiss drug company in 2008, Theranos Inc. founder Elizabeth Holmes and a colleague sat in a Zurich hotel, sticking their fingers with...
The Paris agreement will not stabilise the climate; but the efforts it makes possible could still achieve a lot. “The test of a first-rate intelligence”, F. Scott Fitzgerald, a sometime Parisian, once wrote, “is the ability to hold two opposing...
For decades, the word “market” has been a misnomer for global trade in oil. Not only has the business been manipulated by an international cartel, OPEC, with varying degrees of success. Since 1975 America has also distorted it by banning...
Our favorite work of the year — so far. Bloomberg Business
...When reviewing retirement plans, as part of the process we review the best way to maximize pension payments received. In this video I discuss a Social Security Optimization strategy known as Restricted Application. Please note new legislation has changed this...
