A wrap-up of the key issues affecting global markets for fundamental investors:
Currencies
- Japan to join in the currency wars as strong Yen stifles exports. (Telegraph)
- From the Czech crown to the Brazilian real, QE3 triggers new fear of currency wars. (CNN)
China’s Slowdown
- Debating China's economic future: Nick Lardy vs. Michael Pettis. (Wall Street Journal)
- Will China open its economy? Moving forward means slowing down. (People's Daily Online)
- China's non-manufacturing industries signal a rebound. (Bloomberg)
Commodities
- Commodity demand from China is mixed. (Forbes)
- Dr. Copper trading at about $3.54 per pound (see this historical chart). (InfoMine)
- Oil declines on demand doubts. (Wall Street Journal)
Derivatives
- Buffett's equity index derivatives bets beginning to turn positive. (Washington Post)
- Dodd-Frank roils Asia energy derivatives. (Financial Times)
Euro Crisis
- Germany's Merkel says an exit from the eurozone Crisis will take at least five years. (Business Inquirer)
- Unemployment in Europe: figures for every country. (The Guardian)
Hedge Fund Money
- David Einhorn shorts iron-ore. (Business Insider)
- Ray Dalio lays out his manifesto on principles. (Bridgewater, PDF)
Interest Rates and Central Banks
- The dark side of QE3 for investors. (Wall Street Journal)
Japanese Debt and Inflation
- BOJ announces fresh economic stimulus. (Reuters)
- BOJ needs a bolder approach. (Japan Times)
- Japan's trade deficit is pushing change. (Bloomberg)
US Stocks
- Boomerang buyers unlikely to return to the housing market quickly. (Wall Street Journal)
- Ken Fisher lays out his top five picks for late stage bull market. (Bloomberg)
Real Estate
- Bubble in US real estate market has virtually disappeared. (DB Research)
- Canada's price-to-income ratios approach US peak. (AdvisorAnalyst)
Time Capsule
- Young Ben Bernanke publishes: "The Macroeconomics of the Great Depression: A Comparative Approach." (National Bureau of Economic Research, PDF)
For more news and trends, visit the Economics Community of Practice.
Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.
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