Most advisers say it’s crazy to invest in bonds. But then they would, wouldn’t they? Nearly all of them, and their clients, missed out on what has been one of the greatest bull markets in history for this asset class. According to BCA Research, since September 1981...
Norway, like its Nordic cousins, is a welfare state with high living standards, abundant welfare benefits… and very high taxes. But it’s the richest member of the Sauna Club, thanks to its wealth of offshore oil and natural gas. That bounty has been used wisely, with...
After disaster, the bounce-back gathers momentum Unlike Eurozone member-nations, Iceland had freedom to manoeuvre because it controlled its own currency, monetary and fiscal policies. It could set its own rules, change its laws, and make independent decisions. Now,...
Washington – On his first day as president of the World Bank Group, Jim Yong Kim stressed the role of the 188-member organisation in helping address global growth risks and providing development assistance. The World Bank has an economic and moral imperative to...
Economic growth in Western economies will continue to be crippled by the resistance of “extractive elites,” argues The Economist, which are: The banking sector, with its enormous lobbying power. “Much of current economic policy seems to be driven by the need to prop...
