Lira weakness since the Federal Reserve signaled U.S. interest rates could rise faster than anticipated is exposing Turkey’s economic vulnerability amid concern the central bank may need to cut borrowing costs further to spur growth.
Emerging stocks headed for their longest streak of monthly gains since 2005 as bets central banks will support economic growth helped offset concern the conflict between Ukraine and Russia is worsening. The ruble fell today.
One possible indicator of secular stagnation is credit intensity -- that is, how many dollars of new credit are associated with each added dollar of gross domestic product. The higher the ratio, the more likely it is that the amount of credit being created is more than the underlying economy can bear.
A century after the U.S. steamship Ancon first sailed through the Panama Canal, a $5.3 billion expansion delayed by bickering contractors and angry workers is nearing completion. The problem is it might not be big enough.