Wednesday, April 1, 2015
  1. The Coming Emerging-Market Debt Squeeze

    Andrés Velasco

    The Coming Emerging-Market Debt Squeeze

    1

     warns that the dollar's appreciation has yet again left borrowers badly exposed.

    Pesos currency hands Adam Cohn/Flickr

    The emerging-market debt crises of the recent past could not only happen again today; they could happen on a much larger scale than in the past. Taking advantage of ultra-low interest rates in the advanced countries, emerging-market banks and firms have been borrowing like never before. READ MORE

  2. What’s an Industry?

    Lucy P. Marcus

    What’s an Industry?

    3

     warns traditional companies that they are more vulnerable to sectoral upheaval than they believe.

    Apple watch

    Once upon a time, analysts could easily categorize companies and tell the markets what they were worth, boards could oversee firms with a view to shareholders’ happiness, and all was right in the world. But that world is disappearing before our eyes. READ MORE

  3. Are Equities Overvalued?

    Michael Spence

    Are Equities Overvalued?

    18

     asks why, in an environment of slow economic growth, stock prices are so high.

    Stock broker nyc Hernan Seoane/Flickr

    Since the global economic crisis, sharp divergences in economic performance have contributed to significant stock-market volatility. Now, stocks are reaching relatively high levels by conventional measures – and it is difficult to discern precisely why. READ MORE

  4. How to Fight Currency Manipulation

    Simon Johnson

    How to Fight Currency Manipulation

    5

     calls for provisions in the Trans-Pacific Partnership to prevent intentional undervaluation.

    Currency manipulation suitcase epsos.de/Flickr

    Currency manipulation is a real problem that causes significant damage. The Trans-Pacific Partnership – the mega-regional free-trade agreement involving the US, Japan, and ten other countries in Latin America and Asia – may offer the best chance to fix it. READ MORE

  5. Slow Growth for US Interest Rates

    Alexander Friedman

    Slow Growth for US Interest Rates

    2

     gives three reasons why investors should not anticipate a major hike by the Federal Reserve.

    Interest rates finance 401kcalculator.org/Flickr

    The US Federal Reserve’s new policy statement will be widely discussed, as investors seek guidance on when and how quickly interest rates will be raised. Notably, the word “patient” does not appear; but the particular wording is far less telling than the context in which the statement is being released. READ MORE

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