HONG KONG | June 18, 2015 | By Alicia García-Herrero via Caixin | Brazil’s economy is burdened by debt and China is leveraging at an unsustainable level, situations that could be exacerbated by Fed tightening.
CAMBRIDGE | June 15, 2015 | By Prof. Jagjit S. Chadha via Deutsche AWS | Could rising rates choke off the recovery or have post-crisis wounds healed sufficiently for the global system to take tightening policy in its stride?
The Corner | May 19, 2015 | Copper prices were back above $6,300/t in April for the first time in 2015. Since this commodity is used in so many industries, it is crucial to know if this move will be sustained and send a positive signal to global manufacturers or it is only driven by a speculative market.
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The Chicago Board Options Exchange Volatility Index (VIX) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Since its introduction in 1993, VIX has been considered by many to be the world’s premier barometer of investor sentiment and market volatility. And analysts at Morgan Stanley pointed out on Wednesday that it is at is lowest level in the last five years.
According to Patrice Gautry, UBP’s chief economist, we are now at the end of a cycle. The West’s growth rate has kept one step ahead of the spiral of debt that was fuelling it, but now we have reached the end of that road: household and national debt needs to be reduced. “As testified by the frantic talks among leaders, the mounting political and economic threats unequivocally call for higher…