Back in the summer of 2013, when I was managing over US$10 billion in emerging markets (EM) fixed income assets, I looked around the industry at my fellow EM portfolio managers and saw a stunned group. In early May that year, Ben Bernanke shocked the world out of its complacency by announcing that the Federal Reserve was ready to taper its…
Income inequality is a hot topic globally, and a focal point in the U.S. especially after the 2008 financial crisis. Most popular policy prescriptions revolve around the campaign friendly topic of redistributing wealth: tax the rich, and send the money to the poor. In the last several months, many cities, states, and Presidential contenders have seized upon another policy tool:…
After experiencing a bull run for decades, the price of gold has been on an incessant decline since its high in 2011 – and is down a whopping 73% since then. Given prices plummeted around 5% in the last week alone, this shiny metal is making headlines both in popular and financial press. Is it time to buy? Besides its…