Historically, financial institution decision-makers come from the same educational backgrounds, which have rewarded them for thinking in linear and conventional ways, said David McWilliams, professor of global economics at Trinity College Dublin, during a session at the Canadian Investment Review’s Plan Sponsor Exchange conference in February. The single biggest concentration of conventional thinkers is deep […]
The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signalled its rising concern that the viral outbreak will depress economic growth in […]
As financial professionals, we deal with money daily, but few of us have the time to step back and think about what exactly it is that we are investing, trading, or risk managing. Money is just there in a way similar to gravity or oxygen. This lack of scrutiny has allowed money to become a […]
The return to normal rates will hurt us more than we know.
Assessing the collateral damage from the great QE2 turnaround.
The sad legacy of the not-so-lucky generation.
Moves fall short of what's needed say economists.