First, the global GDP growth numbers: I have turned to the World Bank's Global Economic Prospects [http://pubdocs.worldbank.org/en/842861463605615468/Global-Economic-Prospects-June-2016-Divergences-and-risks.pdf] , published in June. The outlook has now turned even more gloomy with most numbers being revised down from January's report. The world& »
A year has passed and it is time to summarize 2015 from the financial markets point of view and look ahead at 2016. If you follow the financial news, analyses and predictions abound, for example, Bloomberg's 2015: The Year in Money [http://www.bloomberg.com/graphics/2015-the-year-in-money/] or »
This week, the Federal Reserve raised the main policy interest rate from essentially 0% to 0.25%, which ended an era of zero interest rate policy ("ZIRP") in the United States. There already appears to be a name for this event: the lift-off, presumably meant to evoke images »
