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Bloomberg Hillary Clinton said she won’t run for public office again, but the former Democratic presidential nominee isn’t giving up on trying to make her mark on American politics. “As an active politician it’s over. I am done with being a candidate,†Clinton told CBS News in an interview before Tuesday’s release of “What Happened,†her memoir about the 2016 ...
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September, 2017
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11 September
While Trump takes the shots, Tillerson runs the offense
Secretary of State Rex Tillerson has often been the silent man in the Trump foreign policy team. But out of the spotlight, he appears to be crafting a broad strategy aimed at working with China to resolve the North Korea crisis and with Russia to stabilize Syria and Ukraine. The Tillerson approach focuses on personal diplomacy, in direct contacts with ...
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11 September
ECB shouldn’t worry about the euro
The European Central Bank (ECB) has spent much of this decade convincing markets that the euro is irreversible. It is therefore mildly ironic that policy makers in Frankfurt may be in trouble because of the sudden return of confidence in the single currency. Investors flocking to the euro have pushed it above $1.20, a 14 percent appreciation since the start ...
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11 September
US Congress should give families more credit
Congress returns to Washington this week to a meat grinder: In short order, members must raise the debt ceiling, pass a budget (to avoid a government shutdown) and deliver emergency relief to the victims of Hurricane Harvey. So it might seem unrealistic to suggest that they strike a bipartisan deal on child-care tax credits. Yet this is precisely the kind ...
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11 September
China’s capacity cuts are mostly a mirage
Since December 2015, China’s government has been talking up what it calls supply-side reform. State media says the goal is “stimulating business through tax cuts, entrepreneurship and innovation while phasing out excess capacity.” That sounds reasonable. In reality, though, supply-side reform is doing almost nothing to reduce capacity, and may well be worsening the inefficiencies that are holding back China’s ...
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11 September
German politics are boring, and that’s a great news!
The sheer nastiness of Donald Trump-Hillary Clinton TV debates and the deft verbal fencing of French presidential candidates are still fresh in watchers’ memory. No wonder many were disappointed by Sunday’s ‘TV duel’ between German Chancellor Angela Merkel and Social Democratic Party leader Martin Schulz, which Merkel won, according to polls. To many, the tame debate looked more like a ...
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11 September
Foxconn to Western Digital – How d’ya like them Apples?
Nothing makes a tech company quake in its boots so much as the sight of Apple Inc. marching into its territory. It’s a big deal for Western Digital Corp. not only to have Apple throw its hat in the ring of the Toshiba Corp. chip fight, but to have that name brandished like a weapon. Foxconn Technology Group, long a ...
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11 September
Lots of liquidity in markets isn’t always better
When you ask someone in the financial industry how his job creates value, he’ll often answer that it enhances liquidity. Why are high-frequency trading and other forms of algorithmic trading good for markets? Liquidity, we’re told. What’s the potential harm from the Volcker Rule, which prohibits banks from engaging in proprietary trading? It could decrease liquidity. There are endless academic ...
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11 September
Dollar surges with stocks as Hurricane Irma threat wanes
Bloomberg The dollar gained, Treasuries retreated and stocks advanced as an appetite for risk returned after an anticipated North Korean missile test failed to materialise and Hurricane Irma struck the US with less force than feared. Gold, the yen and the Swiss franc all fell. Bloomberg’s dollar index was headed for the first increase in eight days, while US stocks ...
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11 September
Qatar sinks to 19-month low, SABB surges in Saudi
Reuters Qatar’s stock market sank to a 19-month low on Monday while other regional bourses were mixed in mostly quiet trade, although Saudi British Bank surged in Riyadh. The Qatari stock index dropped 1.6 percent to 8,532 points, its lowest finish since January 2016, in a broad sell-off that saw declining stocks outnumber gainers by 27 to nine. Qatar National ...
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