"Финансова къща Логос-ТМ" АД

FED FICTION: THE FED HAS INDEED RAISED RATES IN DECEMBER AND BEFORE ELECTIONS

20.11.2015, 10:11:00 ч.

Last week, stocks were startled by the one-two punch from the comments by Fed Chair Yellen and the strength of the October employment report. Now, the possibility of a December rate hike is back on the table, causing high-yielding sectors to slip, and dollar-correlated assets to slump, while also encouraging the media to fanatically refocus on Fed comments and likely actions.

Nobel Winner Angus Deaton: ‘I Both Love Inequality and I’m Terrified of It’

19.11.2015, 11:13:00 ч.

Princeton University economist Angus Deaton, winner of this year’s Nobel Prizein economics, called for a deeper debate on income inequality heading into the presidential campaign.

Quantitative frightening

22.10.2015, 15:44:00 ч.

A defining feature of the world economy over the past 15 years was the unprecedented accumulation of foreign-exchange reserves. Central banks, led by those in China and the oil-producing states, built up enormous hoards of other countries’ currencies. Global reserves swelled from $1.8 trillion in 2000 to $12 trillion by mid-2014. That proved to be a high point. Since then reserves have dropped by at least $500 billion. China, whose reserves peaked at around $4 trillion, has burnt through a chunk of its holdings to prop up the yuan, as capital that had once gushed in started to leak out. Other emerging markets, notably Russia and Saudi Arabia, have also called on their rainy-day stashes.

Thrills and spills

13.10.2015, 13:57:00 ч.

JOHN MAYNARD KEYNES observed that in the late 19th century London’s influence on the global financial system was such that the Bank of England could be considered the world’s orchestra conductor. Today America is like the dominant rapper in an anarchic transnational collective. Some politicians reckon that the global monetary system is a source of American soft power. This article will argue that it is unstable and, if unreformed, poses a threat to American interests.

IMF worried about wobbling world

09.10.2015, 10:28:00 ч.

Christine Lagarde, the Managing Director of the International Monetary Fund, has suggested that global economic growth is probably going to come in on the softer side of expectations for 2015 given the multitude of problems that currently confront the world.

Dominant and dangerous

05.10.2015, 09:37:00 ч.

If hegemons are good for anything, it is for conferring stability on the systems they dominate. For 70 years the dollar has been the superpower of the financial and monetary system. Despite talk of the yuan’s rise, the primacy of the greenback is unchallenged.

After the hold, be bold

29.09.2015, 11:30:00 ч.

Sometimes doing nothing really is better than doing something. On September 17th the Federal Reserve made the right decision to leave its benchmark interest rate, unchanged since 2008, near zero.

Currency wars

23.09.2015, 11:07:00 ч.

Central bankers aren’t usually the ones who fight wars. But the global economy is a dangerous place, full of threats to prosperity.

Apple CEO makes no apology for company's tax strategy

22.05.2013, 06:37:09 ч.

WASHINGTON (Reuters) - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more.

Sprint raises Clearwire offer, not enough for some

22.05.2013, 06:23:22 ч.

(Reuters) - Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors.