Finance is the study and discipline of money, currency and capital assets.
Bloomberg reports how the U.S. is now back in the driver’s seat of the global economy after 15 years of watching China and emerging markets battle for the lead. Predictions foretell that the world’s biggest economy will expand by 3.2 percent or more this year – ranking its best performance since 2005. Surely, an impacting…
According to Economist, a weaker world economy does not hurt, and may actually help, America. This perspective is based on the fact that there is a spring in America’s step these days. A revision released this week raised annualised economic growth in the third quarter to 3.9%; it has averaged more than 4% in the past…
Bloomberg reports that sometime next year, the Federal Reserve will likely face an unusual confluence of economic circumstances. One of its mandates, full employment, will call for monetary policy to tighten relatively quickly. On the other hand, inflation, will suggest it should stay loose. How should the Fed weigh these competing goals? It may want…
ByTED
Social science researcher, Michael Norton studies how we feel about what we buy and spend. At TEDxCambridge, he shares fascinating research on how money can, indeed buy happiness — when you don’t spend it on yourself. Listen for surprising data on the many ways pro-social spending can benefit you, your work, and (of course) other people. Who said…
In the face of looming deflation in the developed world, it seems that economic policies are diverging all the more. When the financial crisis broke in 2007-08, most banks eased monetary policy significantly, but the trend changed in late October when the Bank of Japan, for one, stepped up its bond-buying. According to the Economist, this…
Reuters reports on Mario Draghi’s German problem: In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians. Coeure, one of ECB President Mario Draghi’s closest allies in Frankfurt, hoped for reassurances that the bank bashing would stop. But…
