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Economics


Fintech’s Artificial Intelligence Revolution: The Missing Link
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We stand at the threshold of an era of pervasive artificial intelligence (AI) in financial services. While it’s tempting to say, “Again?” — this time really is different. Why? Because AI/machine intelligence will be rapidly deployed across financial institutions. And though this evolution is inevitable, we need to be mindful about the ethics of the undertaking. As an industry, we must work together to ensure careful and thoughtful AI integration.

Reduce Tension in the Team: Don’t Attack
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Tension, friction, and conflict are common in the workplace, especially when pressure is high. One habit, or nonhabit, in particular, helps to reduce conflict and build trust. It may sound simple, but it's difficult to achieve. The practice is this: Don’t attack people.

Where Markets Fail: Visible Hands
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Markets frequently fail, despite their pristine reputation among capitalists. One way is the many actions taken by buyers and sellers to tilt a transaction in their favor. These visible hands create asymmetries between the parties. Jason Voss, CFA, explains.

Geopolitical Uncertainty in Investing: Plan for Every Scenario
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Politics and geopolitics are polarizing and confusing. Yet it is critical that investors integrate such criteria into their analysis, according to Willis Sparks.

US Economy: Swimming with the Tide?
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Warren Buffett once said, “You only find out who is swimming naked when the tide goes out.” Could the tide be receding for the US economy? Ron Rimkus, CFA, explores the question.

Can Infrastructure Investing Deliver?
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More infrastructure spending could open up significant opportunities for core infrastructure companies and related businesses, propelling US equity indexes higher, writes Sherree DeCovny.

Emerging Market Equities: Unloved and Under-Owned
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“Emerging market equities [have] a history of headlines — mostly negative — and volatility,” said Devan Kaloo, head of global emerging markets equities at Aberdeen Asset Management. Yet there is reason for optimism, especially for those value investors who dive deeply into the fundamentals, which may be turning positive, Kaloo told attendees at the 70th CFA Institute Annual Conference.

Investing in Family-Controlled Businesses: Benefits and Risks
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Is the potential value of family-controlled businesses overlooked by investors or are these firms better off ignored? A panel at the Ben Graham Value Conference IV, hosted by CFA Society New York, discussed these firms and why they might be worth investing in. Robert Del Mauro explores key takeaways.

The Renminbi: Don’t Bet on a Big Plunge
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A devaluation of the RMB does not serve China's interests, writes Henry To, CFA. In fact, To believes the RMB will hold steady against the dollar for the rest of 2017, and he lists three reasons why.

Book Review: How to Make Money with Global Macro
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Global macro is as much an exercise in navigating the political economy as it is an alternative investment strategy. Practitioners must recognize its limitations and remember that change is the one constant.