World news media are rife with speculation about who will be the next chair of the Board of Governors of the US Federal Reserve System, arguably the most important central banker in the world. We asked readers which characteristic, from an investor's point of view, they considered the most important for the next Fed chair.
A number of factors, including Fed Chair Ben Bernanke’s comments about a September taper, currency volatility creating turmoil in emerging markets, and conflicting analyses of jobless claims in the United States have placed an unusual emphasis on this week’s meeting of the Federal Open Market Committee. The committee’s decisions will have a far-reaching impact on fixed-income markets around the world. Here’s a curated list of articles to help you understand the issues facing those markets, and how they may respond.
Should asset allocation be adjusted in response to newly formed macroeconomic expectations, or should investors continue to use models based solely on past data and wait until a set time horizon expires?
While it is true that the government interventions of the past few years indeed avoided a massive debt deflation cycle, it is also true the these interventions themselves are changing the fundamental structure of the economy, as well as the expectations of its participants.
Interest rates in the US have started to rise over the past month, surprising many in the investment world. We asked readers earlier this week: Have interest rates in the US finally started their upward climb toward normalcy? For many of the 918 respondents (approximately 42%), the answer is "Yes, recent increases are in response to important changes in the interest-rate landscape."
Adapted from four lectures given by Ben Bernanke in March 2012, this book is a good primer on the workings of the central bank throughout its history, including its role in the recent financial crisis.
Suddenly gold is being proposed as a cure-all for the weakening dollar, allowing it to retain its place as the international reserve currency — a trophy taken, not without a fight, from the British pound at the READ MORE ›
David Kelly, CFA, chief global strategist at J.P. Morgan Funds, outlines three problems with the current Federal Reserve policy of zero interest rates and quantitative easing.
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.”
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