World On Track For Growth
The world economy is primed for its fastest expansion in four years, with the U.S. propelling the improvement in output. Read Here – Bloomberg
Tag: Goldman Sachs
Gold Is Crashing Bad, And Here’s Why…
Why is gold plunging? The most important factor is that global inflation is falling, reducing gold’s value as a hedge against rising prices. Gold bugs who were betting on an outburst of inflation are scrambling to reverse their bets and exit their gold positions at any price. Read Here – Bloomberg
Holes In The BRICs
In 2001, when Jim O’Neill of Goldman Sachs coined the acronym BRIC to refer to Brazil, Russia, India, and China, the world had high hopes for the four emerging economies, whose combined GDP was expected to reach $128.4 trillion by 2050, dwarfing America’s projected GDP of $38.5 trillion. When the four countries’ leaders gather on March 26 […]
India Seen Curbing Widest BRIC Budget Gap to Boost Rate-Cut Room: Bloomberg
India’s government may curb spending growth in the budget tomorrow to pare the widest fiscal deficit in major emerging nations, seeking to boost the central bank’s scope to reduce interest rates as the economy falters. Finance Minister Palaniappan Chidambaram will keep deficit goals set in October of 4.8 percent of gross domestic product for the year through March […]
India’s Great Number Fetish
Whatever may be said about India, it is obvious that no structural transformation of our largely poverty-stricken economy has occurred and what is more, none seems very likely in the immediate future. Not only have three decades of high GDP growth gone unaccompanied by a societal transformation, we seem to have regressed on certain fronts. Read […]
Reviving Japan’s Economy With ‘Devil Wives’
After her son was born, Terue Suzuki moved back to her childhood home on weekdays so she could work while her sister cared for the baby, leaving her husband alone in the house they shared. “It was like a weekend marriage,” Suzuki says of the arrangement 14 years ago. “I had a satisfying job and […]
U.S. Banks Ignore Europe’s Lesson On Greed
Four years after the collapse of Lehman Brothers Holdings Inc. and the near-total paralysis of capitalism’s central nervous system — the moment fear completely overwhelmed greed on Wall Street — we are starting to see a few glimmers of hope. The good news: Several big banks have finally started taking steps to reform Wall Street’s out-of-control […]
Move Over, BRICs. Here Come The MISTs? Does The New Acronym Hold Promise?
In 2001, Jim O’Neill kicked off a decade-long investment boom with a catchy acronym for the four largest emerging-market economies—Brazil, Russia, India, and China. The Goldman Sachs Asset Management chairman is now promoting a new foursome of fast-track countries: Mexico, Indonesia, South Korea, and Turkey. Read Here – Businessweek
looking beyond borders 