Bertha Romero

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Emerging markets, wean thyself—the Fed has given you one last fix

It was a great day for the addicts yesterday. The substance provider announced that it would keep on supplying for at least a little more time—maybe until the end of the year. That substance, of course, is newly created currency. The provider is the US Federal Reserve. There are several sets of …

China's Currency Will Be Fully Convertible In Months

The Shanghai free-trade zone, China’s first, will officially open for business on September 29. Just about every China economy maven has been following the months-long saga regarding the establishment of the zone because in Shanghai the central government will punch a gaping hole in the country’s …

Rising interest rates are already slowing down the engine of the US economic recovery

The evidence has been mounting for a while, but it now seems pretty clear: Rising interest rates appear to be hurting America’s appetite for home loans.<p>Mortgage bankers in the US reported that the number of home loan applications fell 13.5% last week over the week before (the chart above shows a …

The global economy’s long climb back to the new normal

There is perhaps no more potent symbol of the post-Lehman Brothers global collapse than what happened in Detroit.<p>A bankrupt city. A crippled auto industry. Workers with no future.<p>Fast forward five years. Last week, Ford Motor Co. repatriated much of the production of the Fusion – a popular sedan …

Globalization

Why are emerging economies failing? | Latin America

Emerging markets are having a tough time the world over, but who is to blame? Is it the rich world's monetary policies or have more deep-seated problems merely been masked for years by stellar economic growth?<p>A few months ago, the headline was simple: The blame for slumping currencies from Brazil …