Institutional investors worldwide expect that new technology tools will significantly reshape the investment industry landscape by 2025, but a large proportion are yet to test the water with emerging technologies, according to the latest Fidelity® Global Institutional Investor Survey. The survey, which is the largest of its kind with responses from 905 institutions in 25 […]
continue readingThe US-led global recovery looks set to continue into 2015 with a lack of inflationary pressure keeping monetary policy loose and supporting a bull market in equities that has already seen America’s S&P 500 index triple from its March 2009 low. The Federal Reserve is likely to start normalising interest rates during the year, but […]
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16
Dec
2014
In 1985, the finance ministers of the world’s five most important economies met in the US to solve a problem. Representing France, Japan, the UK, the US and West Germany, they gathered at the Plaza Hotel in New York and their solution become known as the Plaza Accord. Their concern? An overvalued US dollar, which […]
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11
Dec
2014
The world’s first great era of globalisation took place after the US emerged from civil war in 1865, from when the US and the more-dominant UK imposed capitalist principles on the world. The pair’s dominance of transatlantic finance was built on free trade, the unhindered flow of capital, the exploitation of the UK’s colonies and […]
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24
Nov
2014
India’s new Prime Minister Narendra Modi had only been in power three months before he did an estimated $1 trillion worth of damage to the global economy. In Bali in August of this year, India’s 15th prime minister sank the biggest deal the 160-member World Trade Organisation has ever nearly reached in its 19-year history. Modi […]
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17
Nov
2014
Autocratic capitalism as an economic development model has won converts in recent years, especially as the increase in wealth achieved by China’s dictatorship swamps that of, say, India’s system of democratic capitalism. The developed world’s financial crisis, political dysfunction in the US and the inability of the eurozone to formulate solutions for its crisis add […]
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27
Oct
2014
When pessimists want to express the utmost gloom ahead for the eurozone they often cite Japan’s lost decades as their most-feared outcome for the 18-member area. The worriers invoke a familiar tale when they talk of Japan’s endless stagnation since an asset-bubble popped from 1989. From the early 1990s, real estate values and stock prices […]
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20
Oct
2014
While the plan to unify Europe after World War II began with two Italians,[1] the French pounced on the idea. The first concrete step occurred in 1950 when the French government called for the creation of a unified military in western Europe as a step towards a political federation along the lines of Australia’s. The same […]
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15
Sep
2014
Some may be surprised that US stocks took just over 5 ½ years to regain previous highs after the so-called Great Recession compared with the 25 years it took the Dow Jones Industrial Average to recover from the Great Depression.[1] The losses triggered by the US sub-prime crisis were recouped on 10 April 2013, when […]
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25
Aug
2014
The hazards confronting the world economy are mounting. The US economy is recovering at an unspectacular pace of about 2%[1] and a sub-par labour market, sluggish wages growth, renewed doubts about the housing market and weak demand for the country‘s exports only portend more modest growth ahead. On top of this, inflation is accelerating, the Federal […]
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18
Aug
2014
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