Nobel laureate Robert C. Merton challenges traditional models used by investors to measure sovereign and financial system credit risk, while proposing an alternative framework. Read more
Leave a Commentdebt
43 Posts
The world’s largest and most important economy is drowning in debt and sowing the seeds of yet another bubble. Read more
3 Comments
Top posts from last month included an assessment of the impact of the fiscal cliff, an analysis of what the Shiller P/E for the S&P 500 augurs for US stocks, and an overview of how Dodd-Frank will affect OTC derivatives in foreign markets. Read more
Leave a CommentLacy H. Hunt examines research that demonstrates how current levels of first world debt threaten to cause an economic catastrophe unless action is taken soon. Read more
2 Comments
If Congress maintains the current tax and spending policies, we will get more of the same economy we have experienced for the past three years (all else being equal). But what if Congress lets the fiscal cliff hit? Ron Rimkus, CFA, assesses the impact. Read more
5 Comments
Ron Rimkus, CFA, compiles a wrap-up of the key issues affecting global markets for fundamental investors. Read more
Leave a CommentA recent article by the Telegraph notes that the Japanese yen has risen sharply since the onset of the financial crisis in 2008. In a poll conducted earlier this week in the CFA Institute Financial NewsBrief, we asked professional investors whether they expect the Bank of Japan to become more aggressive in weakening the yen. Read more
Leave a Comment The symptoms of economic dysfunction in the United States are becoming all too apparent, according to Lacy Hunt, executive director at Hoisington Investment Management. His solution? A sustained increase in savings, sometimes referred to as “austerity.” Read more
4 Comments
