The dark clouds of corruption, suspicion, and civil unrest continue to hover over Brasilia.
The dark clouds of corruption, suspicion, and civil unrest continue to hover over Brasilia.
The impeachment of Brazilian President Dilma Rousseff may be unfair, but it’s not unjust.
Brazil and its broken economy has been weighed down by government incompetence and corruption for far too long, retarding the nation’s recovery from recession. But the Congressional members who voted on the impeachment measure over the weekend need to take another step in the right direction if they want to regain the trust of the Brazilian people and foreign investors; they should impeach themselves.
Nearly half of Brazil’s Congress is either under investigation or has been charged with graft in connection with one of the various corruption scandals that have been plaguing the country for the last two years. Change needs to come to all levels of Brazilian government before the economy can move forward.
Saudi authorities are weighing measures that include more steps to restructure subsidies, imposing a value-added tax, and a levy on energy and sugary drinks as well as luxury items. The National Transformation Program will also focus on ways to boost economic growth, create jobs, attract investors and hold government offices more accountable.
Prince Mohammed, who is leading the biggest shake-up of the economy since Saudi Arabia’s founding, oversees the Council for Economic and Development Affairs, which includes the country’s finance, oil and economy ministries. The council, established after his father became king, also controls the PIF.
So the next time you see a $4 pint of blueberries or a $2 head of garlic, think of how much work it took to get that produce to the store or the Farmers Market. Food is often worth much more than its lowest common shelf price, and everyone’s hoping that their fruits and vegetables will catch your eye—and your appetite.
Kurzgesagt examines what's happened to our privacy, civil liberties, and security because of the threat of terrorism.
FE Trustnet readers plan for a bond bear market – Are they right?
Some 70 per cent of FE Trustnet readers are underweight fixed income within their portfolios, according to our latest survey, which also showed that 98.28 per cent of you believe a gruelling bond bear market is possible.
Many industry commentators have been calling the collapse of the bond market for a number of years now with yields being forced down to very low levels by historical standards.
Although volatility has ramped up more recently, those who have been bearish on bonds have tended to be wrongly positioned, however, as yields have continued to fall thanks to a continuation of easy monetary policies from the world’s central banks, falling inflation expectations and general equity market uncertainty.
Many industry commentators have been calling the collapse of the bond market for a number of years now with yields being forced down to very low levels by historical standards.
Although volatility has ramped up more recently, those who have been bearish on bonds have tended to be wrongly positioned, however, as yields have continued to fall thanks to a continuation of easy monetary policies from the world’s central banks, falling inflation expectations and general equity market uncertainty.
According to FE Analytics, for example, over the past two years both UK gilts and sterling corporate bonds have more than doubled the returns of the UK equity market with much lower drawdowns and volatility.