Mimicking the concept of a Black Swan event, the Bank for International Settlements (BIS) is warning that a 'Green Swan' climate event could trigger a financial crisis.
"We will reach a tipping point when investors will awake to the rising tide of defaults and downgrades," he wrote in a letter from the World Economic Forum meeting. "The timing is hard to predict, but this reminds me a lot of the lead-up to the
DoubleLine Capital's Jeffrey Gundlach has already express his views on the Federal Reserve's retreat into manipulation of both the financial markets, and the media narrative, via the central bank's continuing "ad hoc" operations in the repo market.
The world's richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said o
Whether or not the 2010s were a "lost decade," one thing is clear: many countries fell short of their potential, possibly squandering their last best shot of registering strong GDP growth. In the decade ahead, demographic realities will catch up to C
The first thing to understand is that it is not a trade deal. It is Trump backing off his tariffs when he discovered that the tarrifs fall on US goods and American consumers, not on China.
Davos 2020 is next week, and it will center on how capitalism must change to address climate change. We had a preview of this yesterday, with Larry Fink's annual CEO letter explaining how Blackrock will start voting its proxies based on how well ma
The financial concept of wealth is broad, and it can take many forms.
With President Donald Trump signing a historic first phase trade deal with the world's second-largest economy, it is more important than ever to have the full facts without the spin.
Germany's economic growth rebounded slightly in the fourth quarter but slowed last year to its weakest level in nearly six years as trade tensions escalated, exports plunged, and a steep downturn in the automotive industry led Europe's largest ec
Sources familiar with the Phase 1 trade deal told Reuters China has agreed to purchase $80 billion of additional manufactured goods from the U.S. over the next 24 months, as part of the "Phase 1" trade deal that's expected to be signed on Wednesday.
The procession of news through the week – namely that chronicling the aftermath of the targeted drone strike and killing of Iranian General Qasem Soleimani – advanced with an agreeable flow.
"We Want Iran To Behave Like A Normal Nation": US Imposes Sanctions On Virtually Entire Iranian Economy
On foreign soil, as a guest nation, US has assassinated a diplomatic envoy whose mission the US had requested
"World War Three!" is trending on social media the day I return to work after two weeks off deliberately not reading any news for once: ironic given my reputation for being bearish about geopolitics.
Well that de-escalated quickly...