Ron Rimkus, CFA, is Director of Economics & Alternative Assets at CFA Institute, where he writes about economics, monetary policy, currencies, global macro, behavioral finance, fixed income and alternative investments, such as gold and bitcoin (among other things). Previously, he served as SVP and Director of Large-cap Equity Products for BB&T Asset Management, where he led a team of research analysts, 300 regional portfolio managers, client service specialists, and marketing staff. He also served as a Senior Vice President and Lead Portfolio Manager of large-cap equity products at Mesirow Financial. Rimkus earned a BA degree in economics from Brown University and his MBA from the Anderson School of Management at UCLA. Topical Expertise:Alternative Investments · Economics
Sixteen states have filed a lawsuit alleging President Donald Trump's emergency declaration aimed at providing money to build a wall along the US-Mexican border is unconstitutional. The states said diverting money from other programs will harm their economies, prevent upgrades of military bases and damage drug-fighting efforts. The Associated Press (19 Feb.)
Postponement of Brexit to after the European Parliament election in May is an option that can't be ruled out, European Commission President Jean-Claude Juncker says. "If such a request were to be made [by the UK], no one in Europe would oppose it," he says. Politico (18 Feb.)
The European Securities and Markets Authority says it will immediately let LCH, ICE Clear Europe and LME Clear provide services in the EU if a no-deal Brexit occurs. Financial News (UK) (subscription required) (18 Feb.)
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