October 6, 2016–This post is intended to explore two separate but connected issues:Is a Commodity Research Board Index a good proxy for World economic growth?What are the implications for Emerging Markets?Commodity Research Board Raw Industrials IndexFirst, it’s a bit strange to be writing about commodities and their importance on the same day that West Texas Intermediate surpassed a psychological threshold of $50 for the first time in more than three months, and not be writing about oil.
September 27, 2016—While headline stories of troubled states and municipalities have been constants for several years now, we are seeing a pickup in the interest of the growing strain that pension funding – or non-funding, to be more accurate – is placing on these entities.
September 14, 2016—LIBOR is a benchmark rate that some of the world’s leading banks charge each other for short-term loans. LIBOR rates can be an indicator of stress in the financial system. Recently three-month LIBOR reached its highest level in more than seven years. Today, the elevation in LIBOR is being attributed to the pending U.S. Money Market Reform and not some impending banking crisis.