01 Jul 2014 With Debt Yields Low, Firms Dash for Cash
Average junk-bond yields hit an all-time low of 4.8% in June, while the difference, or spread, between the yield of investment-grade corporate bonds and Treasury bonds dropped below one percentage point for the first time since 2007...
29 Jun 2014 Chinese investment abroad is poised to surpass its inward flows
In an unprecedented shift, Chinese companies are on the cusp of investing more in the rest of the world than the world invests in China. This turning point in global capital flows could be reached "within two years", according to projections from the UNCTAD's World Investment Report released this week.
27 Jun 2014 The optimal number of immigrants
The United States is made up of three and a half million square miles, with 84 people per square mile. The United Kingdom has 650 people per square mile. If we let in two billion people, we’ll have no more population density than the UK...
26 Jun 2014 Housing and government policy - The loan arranger
WANDERING back from lunch down New Bond Street involves my passing dozens of shops with designer brands and shiny jewellery. Even as a middle class professional, I could never afford to buy anything. But no one would suggest it is up to the government (or the central bank) to make it possible for me to do so, especially by offering me cheap loans (bling bonds, perhaps)...
At last, a sane voice regarding housing policy.