The Federal Reserve is truly facing a quandary. The U.S. economy is weak and getting weaker but if the Fed lowers its discount rate, it will fan the inflationary infernos building in China, India and other emerging countries that peg their exchange rates to the U.S. dollar (as part of ...

The Intrade.com prediction market taking bets on the probability of a U.S. recession ticked up to 36 from 32 in response to the negative turn in news on the U.S. economy last week (as summarized in my earlier post). My feeling is that it should be trading higher given the ...

I once heard a speaker say he started to enjoy his vacation 10 minutes after it was over. He was so worried about things going wrong while away that only after vacation, and back on his home turf, could he look at it and think he had a really good ...

In Briefcase we’ve written about the rise of sovereign wealth funds, and the rise of China as a force in global capital. A short post to highlight relevant news on these topics reported on by the Financial Times today. According to the FT, a number of delegates from investment funds ...