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
Christina Casalinho, CEO of Portugal's government-debt agency, expects Brexit to make government funding more expensive in Europe, consequently increasing costs for taxpayers. Additionally, banks are unlikely to establish significant operations in post-Brexit Europe because of high costs associated with the process, Casalinho says. Reuters (13 Nov.)
German Chancellor Angela Merkel, in a speech to the European Parliament, backed French President Emmanuel Macron's proposal to create an EU army. "The times when we could rely on others are over," she said. Politico (14 Nov.)
The Securities and Exchange Commission and the US Justice Department have subpoenaed Snap, seeking information on its initial public offering in March 2017. The company says its "understanding is that the DOJ is likely focused on IPO disclosures relating to competition from Instagram." Reuters (13 Nov.)
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