One less haven for investors as Denmark loses appeal

  Bloomberg When Europe sank into a debt crisis, cash flowed into Denmark. When Switzerland abandoned its peg, cash flowed into Denmark. And when Britain voted to leave the European Union, cash flowed into Denmark. But with a stock market heavily weighted toward trade, Denmark lost its allure in Donald Trump’s world. “Some of Donald Trump’s ideas are pretty negative ...

Read More »

Energy Transfer preps to finish Dakota Line as US reviews

  Bloomberg Energy Transfer Equity LP said that it was mobilizing equipment in preparation to drill the final portion of its controversial Dakota Access crude pipeline, even as an Obama administration official said no decision has been made on the project. The pipeline giant can’t actually drill the final piece of the oil line beneath Lake Oahe in North Dakota ...

Read More »

Trump’s Mission Impossible?

  Donald Trump, it seems, embraces the old dictum: Make no small plans. Already, he’s published an agenda for his first 100 days in office, recalling Franklin’s Roosevelt’s launching of the New Deal. Not surprisingly, near the top of Trump’s to-do list is a pledge to double economic growth from its recent desultory rate of 2 percent a year to ...

Read More »

Why science couldn’t predict a Trump presidency

  For many people, Donald Trump’s surprise election victory was a jolt to very idea that humans are rational creatures. It tore away the comfort of believing that science has rendered our world predictable. The upset led two New York Times reporters to question whether data science could be trusted in medicine and business. A Guardian columnist declared that big ...

Read More »

Online, China finds an upside to ugly 2016 US poll campaign

  China’s government isn’t shy about looking for ways to highlight democracy’s failings, and the U.S. presidential election provided plenty of raw material. Hillary Clinton’s e-mails, Donald Trump’s locker-room talk, the debates: Every low point was touted and cataloged on state media. On Election Day, the Communist Party’s official newspaper offered a closing argument: Trump versus Clinton was symptomatic of ...

Read More »

Defuse Venezuela’s economic time bomb

  It is nothing short of a miracle that the members of Venezuela’s government and the opposition carried out a dialogue. Such a meeting would have been unimaginable two months back. The Vatican — which brokered the talks — needs to be lauded for making the impossible happen in a very conducive environment. Despite criticism from some quarters, the meeting ...

Read More »

Silicon Valley’s annoying secessionist fever dream

  Many of the California tech industry’s leaders are unhappy with the outcome of the U.S. presidential election. This being Silicon Valley, they’ve come up with an innovative response: Secede from the union. It’s one idea I hope they won’t bring to fruition. California supported Hillary Clinton more than any other state, yet the election was called before its votes ...

Read More »

Everyone knew that Trump would win all along

  The issue of hindsight bias and fooling ourselves about what we think knew a priori haunts investors constantly. We are reminded of this by those who claim they saw the financial meltdown coming. Despite the lack of proof, they remain convinced they knew what was about to happen all along. These folks are fooling themselves. Due to several cognitive ...

Read More »

Kenya is gleaming on Africa’s bright side

  Matthew Winkler There’s been nothing but trouble for much of Africa as the price of oil plummeted 55 percent during the past two and a half years. But there’s a brighter side to the sub-Saharan continent. Unlike Nigeria, where oil accounts for more than 90 percent of exports, or South Africa, which never recovered from the 2008 financial crisis ...

Read More »

Egypt continues rally on IMF

  Reuters Egypt’s stock market gained for a 12th straight session on Sunday after the International Monetary Fund approved a $12 billion loan for the country, while Saudi Arabia rose, bucking a downtrend in the rest of the Gulf. The IMF loan approval had been widely expected, but it added fresh fuel to a rally caused by Egypt’s decision to ...

Read More »
Send this to a friend