The yield of the JP Morgan EMBI+ index recently fell to its lowest ever level, prompting claims that a bubble is forming in dollar-denominated emerging market bonds. Although we think the current...

The expansion in the range of assets that can be used to meet the new liquidity requirements under Basel III, combined with their slower implementation, is a small positive for the banking sector, but...

We expect 2013 to be another year of weak growth, low inflation and further divergence between the US and other advanced economies. The biggest problems will continue to be in the euro-zone, where the...

The Fed’s policy stance may breathe some more life into the US economy in coming years. But it could also sow the seeds of the next financial crisis by inflating new asset bubbles.