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Economic impact of Brussels attacks

There is a consensus that the attacks in the Belgian capital on Tuesday may not have a long-term impact on EU markets, but should such assaults continue unrestrained they could result in hitting some key sectors such as travel and tourism. Belgium’s main stock index ended more or less flat on the day of attack and rose 0.2 percent on ...

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Brazil stages political theater of the absurd

Bloomberg Acclaimed Brazilian actor and director Claudio Botelho is used to enthusiastic audiences. But bringing the house down mid-performance was not in the script earlier this week, when Botelho — who is currently on stage playing a theater troupe impresario — turned to the audience and ad- libbed a few quips about a “crooked former president” and a “thieving president” ...

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Long-term consequences of negative rates

Most economists are tempted to rely on incremental analysis to explain the spread of negative interest rates and their implications for the global economy and markets. This is understandable, yet the inclination to focus primarily on marginal changes could be overly partial and even misleading — especially for market participants who must navigate the unintended consequences of sub-zero yields, including ...

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