admin June 15, 2019

Bloomberg News/Landov Economists are wondering if St. Louis Fed President James Bullard will dissent if the central bank decides, as expected, to hold interest rates steady. At its last policy meeting in early May, the Federal Reserve said it was going to be patient for some time before changing interest rates. “Some time” may […]

admin June 14, 2019

Investor protections in loan documents are deteriorating and global regulators are taking notice. Amid this stepped-up scrutiny, research service Covenant Review has been sounding the alarm on covenants in loans issued to debt-laden companies since the 2008 recession. Financial watchdogs say the deterioration in covenants required by lenders could result in steep losses for investors […]

admin June 14, 2019

Predicting when the next bear market will occur is notoriously difficult. Just ask stock-market timers. But what about predicting the severity of the next bear market? That has become a pressing question of late, since Wall Street has shifted from whether a U.S. recession will occur in the next 12-18 months to when. A bear […]

admin June 14, 2019

THE FEDERAL RESERVE is changing direction. In December it predicted that it would raise the federal funds rate twice in 2019, to 2.75-3.0%. In March it thought it would hold rates steady instead. Investors now think there is a one-in-five chance that it will cut rates at its meeting on June 19th, and a 95% […]

admin June 14, 2019

ALMOST TWO years ago Arvind Subramanian, then India’s chief economic adviser, published a little-noticed passage in the finance ministry’s annual economic survey. The previous two years posed a “puzzle”, he wrote. India had reported miracle growth in GDP (averaging 7.5%) despite miserable growth in investment, exports and credit. He looked for comparable examples elsewhere since […]