Betty LoveMusic

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PIMCO: 5 key policy areas will test markets over the next 5 years

Pimco analysts Richard Clarida, Andrew Balls, and Daniel Ivascyn cite "insecure stability" as a key factor that will affect policy decisions around the world.<p>"Over our five-year secular horizon we believe that the global economy will be 'driving without a spare tire' as the Fed raises rates and …

Globalization

News Highlights: Top Global Markets News of the Day

European Stocks Poised to End Losing Streak<p>European stocks were on track to snap a five-session losing streak as investors largely brushed off a downbeat reading on the Chinese economy.<p>Oil Prices Climb Before U.S. Stockpile Data<p>Oil prices regained some ground in anticipation of further falls in …

'Biggest U.S. foreign policy error since Iraq War'

"This is the biggest U.S. foreign policy error since entering the Iraq War."<p>Those are the harsh words of former U.S. Treasury Secretary Larry Summers after President Trump withdrew from the Paris Climate Deal.<p>"Unlike the Iraq War, [the decision] will be felt a century from now," Summers told CNN's …

Foreign Policy

The Depression Goes Global

Reparations demanded by the Versailles Treaty destabilized the world financial system, presaging the Great Depression a decade later. John Steele Gordon reviews “A Rabble of Dead Money: The Great Crash and the Global Depression: 1929-1939” by Charles R. Morris.<p>By<p>John Steele Gordon<p>In September 1929, …

Stock Markets

China and Germany sign 11 pacts

Merkel agrees to help gain support from EU nations on trade protocolChina and Germany signed a basket of deals on Thursday, many on crucial areas …

China

Trump calls out the global-control agenda of the Paris deal, but Canada remains oblivious

Remember the United Nations’ Kyoto Protocol? It landed in 1997 — amid alarming forecasts of rampant eco-disasters, rising sea levels, …

Climate

Trump's decision to withdraw from the Paris accord cedes global leadership to China

President Trump has made clear through executive orders and appointments that he does not care much about climate change in particular or …