Emrah Akcay

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This stock market dip isn't a buying opportunity

The stock market is off to its worst start in history this year. Not only that, the losses over the past few weeks have come amid one of the most rapid declines over the past few decades. This has some coming to the conclusion this has to be buying opportunity.<p>I've seen plenty of headlines and …

Stock Markets

Davos: 'Monstrous' Russian authorities driving companies out of business

Alexei Kudrin, Russia's former finance minister, says authorities there are strangling companies as deputy prime minister Yury Trutnev admits country must reform to haul itself out of crisis<p>Russia must stop deploying "monstrous methods" to terrorise the country's companies and drive them out of …

Uh oh, Putin: Nobody seems to trust your currency

By Matt O'Brien<p>Matt O'Brien<p>Reporter covering economic affairs<p>Email Bio Follow<p>Russia has fallen victim to <i>two</i> of the classic blunders. The most famous is never get involved in a land war in Asia—oops—but only slightly less well-known is this: never think an oil-exporting business can substitute for …

The Latest: US top lawyer says tough to halt IS recruitment

DAVOS, Switzerland (AP) — The latest developments from the World Economic Forum in Davos, Switzerland, where top executives and world leaders are …

How China became the global threat everyone saw coming

No-one believed sky-high Chinese growth rates would continue forever - but their recent decline has nonetheless caught investors offguard<p>The largest shocks are sometimes the ones that everyone knows are coming. It can be taken for granted that there will be economic booms, and that at some point we …

Greece to restart crude oil purchases from Iran

ATHENS (Reuters) - Greece’s biggest oil refiner Hellenic Petroleum agreed on Friday to buy crude oil from the National Iranian Oil Company (NIOC), the first European refiner to restart trade relations with Iran after the lifting of international sanctions.<p>Newly appointed Energy Minister Panos …

It's the worst day first day of the year for U.S stocks in almost a decade

In the Chinese calendar, 2016 will be the year of the monkey. It may also be the year where China has to address the monkey on its back.<p>China's stock …

Stock Markets

Saudi Arabia has a giant mess on its hands

By Matt O'Brien<p>Matt O'Brien<p>Reporter covering economic affairs<p>Email Bio Follow<p>The next casualty in Saudi Arabia's oil price war might be its own economy.<p>That's because, with oil revenues drying up, Saudi Arabia is about to make the same mistake that Europe has over and over and over again. What's …

Oil

2016 is a turning point for markets

It was approximately 10 years ago, however, that oil not only climbed, but conquered the wall of worry. The rise of China was drilled into every investor's mind, demonstrating unequivocally that high oil prices were here to stay.<p>Back in 2005, oil began the year in the low $40s and finished in the …

Stock Markets

How Rich Kids Get a Head Start

Back in 2011, I wrote a TIME cover story on declining social mobility and growing inequality in the U.S. The title: “Can You Still Move Up in …

Where Does Inequality Come From?

WHEN ASKED TO NAME her proudest accomplishment, former Conservative Prime Minister Margaret Thatcher quipped, “New Labour.” She was right. The …

Economist Says His Discipline is Lost and Confused

<i>By Terry Burnham</i><p>Economists are divided on both fiscal and monetary policy, the most important economic issues of the day. The divide is on the …

58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe

The world didn’t completely fall apart in 2015, but <b>it is undeniable that an immense amount of damage was done to the U.S. economy</b>.<p>This year the …

10 economic questions for 2016

There are always some international economic issues, especially with Europe, China and other areas of the world struggling. However, my focus is on the US economy, with an emphasis on housing.<p>Here are my ten questions for 2016. <b>I'll follow up with some thoughts on each of these questions</b>.<p>1) <b>Economic</b> …

CITI: There's a 65% probability the US goes into recession next year

As the U.S. economy enters its seventh year of expansion following the 2008-09 crisis, the probability of recession will reach 65 percent, Citi's rates strategists wrote in their 2016 outlook published late on Tuesday. A rapid flattening of the bond yield curve towards inversion would be an key …

Interest Rates

6 factors that will shape the global economy in 2016

2016 will be a challenging and difficult year for the global economy.<p>Global growth is picking up somewhat after a number of weak years. A global GDP growth rate of 3.5%, the latest IMF forecast, is lower than the 4.5% average that preceded the decade before the great recession, but it is better …

World Economy