Canada, US and UK move to strip Russian of IMF board title

[ad_1] Canada, the US and the UK want Aleksei Mozhin, Russia’s representative at the IMF, to relinquish or be stripped of his title as honorary head of the executive board of the multilateral lender, due to the invasion of Ukraine. According to people familiar with the matter, Canada first proposed that Mozhin give up the […]

MiB: David Kotok on Pandemics & Markets

[ad_1] Be Be This week, we speak with David R. Kotok, who is co-founder, chairman and chief investment officer of Cumberland Advisors, which has $4 billion in assets under management. Kotok is also a director at the nonprofit Global Interdependence Center, which promotes free trade and international dialogue, and has authored or co-authored four books, […]

Investors retreat from European stocks

[ad_1] Investors retreated from European stocks funds this week, as Russia’s invasion of Ukraine threatens to crush growth in the region and pump up inflation. Net outflows from European equities hit $6.7bn in the week to March 2, the highest in five years, EPFR data collated by Bank of America show. “EU stagflation looks highly […]

Links 3/5/2022 | naked capitalism

[ad_1] Dear patient readers, Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war – both real fog and stage fog – in comments. None of us need more cheerleading and link-free repetition of memes; there are platforms […]

Russia’s Economic War Front, The New Tributary System & The Russian Kowtow

[ad_1] Yves here. We’ve pointed out that Russia has yet to deploy some significant economic sanctions against the West, presumably because Russia still hopes to negotiate a peace and have the US and Europe drop the choke chain….although even then, they would need to wait a bit until tempers have cooled and unwind them slowly. […]

Why Don’t We Treat All Refugees as Though They Were Ukrainian?

[ad_1] Yves here. Sonali Kolhatkar is correct to excoriate the open racism in the preferential treatment of Ukrainian refugees, disconcertingly confirmed by too frequent approving comments by talking heads about how European they and their cities are. And let us not forget that the reason Germany uncharacteristically was willing to accept large numbers of Syrian […]

10 Weekend Reads – The Big Picture

[ad_1] The weekend is here! Pour yourself a mug of Danish blend coffee, grab a seat in the sun, and get ready for our longer-form weekend reads: • Five reasons the sanctions are working In lieu of a military response, Biden and his allies are waging economic war on Putin’s Russia. It’s not a close […]

‘Goldilocks’ jobs report keeps Fed on track for series of rate rises

[ad_1] Another exceptionally strong US jobs report has kept the Federal Reserve on track to deliver a series of interest rate increases this year even as moderating wage growth mitigates the immediate need for aggressive tightening, according to economists. Hiring accelerated more than expected in February as the world’s largest economy added 678,000 jobsthe most […]

When global market bets went wrong

[ad_1] The writer is a financial journalist and author of ‘More: The 10,000-Year Rise of the World Economy’ It has been described as the easiest free lunch in investment: diversify your portfolio and you achieve a better trade-off between risk and reward. That still seems true when it comes to the number of stocks that […]

China sets lowest growth target in 30 years at 5.5%

[ad_1] China unveiled a growth target of about 5.5 per cent, its lowest in three decades, as Beijing seeks to buttress its economy after a sharp loss of momentum last year and fallout from Russia’s invasion of Ukraine. The latest target reflects expectations of lower growth compared with pre-pandemic rates as Beijing retains measures to […]

We’re Hiring A Social Video Intern For Summer And Fall

[ad_1] FiveThirtyEight is seeking an intern to work with our video and social teams during the summer of 2022. We’re looking for a current student journalist or recent graduate who is enthusiastic about accuracy, clarity, video production and storytelling; who is adept at building and cultivating communities on platforms like TikTok or Instagram; and is […]

2:00PM Water Cooler 3/4/2022 | naked capitalism

[ad_1] By Lambert Strether of Corrente Bird Song of the Day Strange sounds from Oz!!! * * * Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had learned nothing, and forgotten nothing.” –Charles Maurice de Talleyrand-Périgord “When the going gets weird, the weird […]