Tag Archives: economy

Latin America Roars Back To Life

As developed countries floundered last year, Latin America also felt the effects of the global downturn. But unlike developed countries such as the United States, the region’s road to recovery has been swift and sure. The financial markets saw new issuance come to a standstill, but little in the way of negative outcomes occurred. [...]

CORPORATE DEBT ISSUANCE STAYS STRONG, BUT RISK PREMIUMS RISE SHARPLY

While the Federal Reserve is unlikely to raise interest rates significantly this year in light of high US unemployment and subdued inflation, the long-running rally in the corporate bond market could come to a screeching halt as soon as the Federal Open Market Committee changes a few words in a post-meeting press release. This will [...]

GLOBAL MARKET BRACE FOR THE AFTERSHOCK

Just as the mood was lifting worldwide—and many markets had returned to their pre-Lehman Brothers bankruptcy highs—a new risk has reared its head. While the focus for much of the financial crisis has been on banks and corporate, investors have belatedly noticed the huge hazards that have built up at country level. The world has [...]

A NEW CAPITALIST ORDER

In the fall of 2008, the global economy was on the brink of a meltdown. It was in freefall. Having seen so many other crises, I was sure that this sense of freefall would soon come to an end. It happens with every crisis. But what then? We neither can nor should return to the [...]