So much for the end of QE! The Bank of Japan’s announcement today that is stepping up its asset purchases is a timely reminder that not everyone has to follow the Fed. We would be wary of speculation...

The widely anticipated completion of the Fed’s purchases under QE3 need not mark the end of the policy’s support for global asset prices. As it happens, QE3 was not much of a boon to emerging markets...

Net inflows into global ETF and mutual funds in September were at their lowest level since March, when there was last an outflow. While this was due in part to a continued small outflow from funds...

There are, of course, plenty of reasons why the performance of equities can decouple from that of the economy. But the recent slump in stock prices does not appear to be justified by the economic data...