Thursday, February 5, 2015

Currency Market Turmoil

An excellent piece from The Economist on recent exchange rate volatility:
http://www.economist.com/news/finance-and-economics/21642201-greece-wants-index-bond-payments-economic-growth-not-bad-idea-linked

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Related Topics/Updates:

Currency Speculation and the Danish Krone-Euro Peg
http://www.cnbc.com/id/102403135

Where do Foreign Central Banks Store Their Gold Reserves?
Foreign gold reserves stored at the Federal Reserve Bank of New York
http://www.bloomberg.com/news/features/2015-02-05/germany-s-gold-repatriation-activist-peter-boehringer-gets-results

Tuesday, February 3, 2015

Negative Bond Yields

Update: Vox on Negative Interest Rates
http://www.vox.com/2015/2/5/7981461/negative-interest-rates-europe

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Some investors are willing to hold bonds offering negative yields:
http://www.cnbc.com/id/102391008

Negative Yields in Europe:

Sunday, February 1, 2015

Development Insights from a Literary Star

The well-known Nigerian writer Chimamanda Ngozi Adichie highlights the stark challenges posed by poor infrastructure in developing countries:

Adichie observes:

“I cannot help but wonder how many medical catastrophes have occurred in public hospitals because of “no light,” how much agricultural produce has gone to waste, how many students forced to study in stuffy, hot air have failed exams, how many small businesses have foundered. What greatness have we lost, what brilliance stillborn? I wonder, too, how differently our national character might have been shaped, had we been a nation with children who took light for granted, instead of a nation whose toddlers learn to squeal with pleasure at the infrequent lighting of a bulb.”

US Economic Update

Everything you wanted to know about the long-term US fiscal landscape: