In the late 20th century, economists generally accepted the notion that financial capital should be allowed to flow freely between countries. But economists are beginning to question this consensus. That could lead to less open financial and currency policies around the world, or herald the coming of a new global monetary order. There are a number of reasons that free ...

Bloomberg Stack up US equities next to almost anything that is used to measure value right now, and the picture can elicit anxiety. Up 13 of the past 15 weeks, the S&P 500 is trading at historically high levels versus earnings, expected profits and sales. Does that mean there’s no way to justify putting more money into a market where ...

Bloomberg Stocks may be grabbing most of the headlines, but equities aren’t the only asset class in uncharted territory. Global currency volatility has dropped to the lowest level ever recorded. After the US and China put pen to paper on a trade deal that reaffirmed an agreement not to devalue their currencies, the JPMorgan Global FX Volatility Index is trading ...