Risk is commonly measured by volatility as well as various types of interest rates and yields, for example the yield of credit default swaps. However, to what degree do these indicators reflect the real level of risk exposure in financial markets today?
What Russia’s Middle East Strategy Is Really About
A new balance of power is solidifying in Syria. Iran, Turkey and Russia have all played a role in the conflict there – jockeying for position and even agreeing in September to set up zones of control. But Russia in particular has deftly managed the game up to this point, and it is emerging from the Syrian civil war with a strong hand.
Hurricane Maria Is Killing Puerto Rico’s Golden Goose, but It Was Already Dying
Puerto Rico is America’s drug factory. Most major pharmaceutical companies have facilities there. This includes Bristol Myers Squibb, Eli Lilly, GlaxoSmithKline, Johnson & Johnson, Pfizer, Procter & Gamble, and Wyeth. Hurricane Maria has nearly shut it down.
Catalonia’s Referendum Unmasks Authoritarianism in Spain
The Spanish government’s violent crackdown during the Catalonia referendum on Oct. 1 is the latest crisis to challenge EU institutions.
India Is in a Serious Cyclical Downturn That May Linger until 2020
Modi's admirable reluctance to blow the budget, even while contemplating a fiscal stimulus, means that the stench of underperformance will hang over India’s funky economy for at least the next year.
Infographic: The Everything Bubble Is Ready to Pop
Why do we call it the everything bubble? Well, there is a bubble in a bunch of asset classes simultaneously.
A Breakdown in the Narrative
The Federal Reserve is facing a crisis. But this crisis is one of their own making. What the future holds matters a lot.
The Looming Confrontation in German Mainstream Politics
Is nationalism on the rise?