Monthly Archives: February 2014

Treasury Secretary to Emerging Markets: Get Your Fiscal House in Order

Observations on the Capital Markets – Week Ended February 21, 2014 The Congressional Budget Office (CBO) stirred the pot again by saying raising the minimum wage would cost jobs, causing a rare public rebuke from The White House. The G-20 … Continue reading

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Walking a Tightrope: The Credibility of Central Banks and the Risk of Crisis

As we begin 2014, economies in developed countries are gathering momentum and central banks are retaining accommodative monetary policies, which extend support for risky assets. U.S. corporate capital (CAPEX) expenditure is being revived, marking an improvement necessary for upgrading the … Continue reading

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What Has Abenomics Achieved?

Pioneer Investments’ Head of Global Asset Allocation Research, Monica Defend, assesses the progress of Abenomics – the series of economic reforms implemented by the government of Prime Minister Shinzo Abe – and discusses her outlook for the Japanese market. What … Continue reading

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Puerto Rico: A Delicate Balancing Act

Recently, the commonwealth of Puerto Rico’s credit ratings were downgraded by each of the three rating agencies to “below investment grade” status. This is significant, since no other state or state-equivalent territory of the U.S, carries a below investment grade … Continue reading

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Whether or Not it’s the Weather, the Economy Is Definitely Slowing

The weather has certainly been bad . . . but some of last week’s economic data suggests that the weakness is not just weather-related (e.g. construction jobs have held up relatively well, online sales have been weaker than those of … Continue reading

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