TAPERING

Currencies Are Another Casualty of Quantitative Easing's Final Act

Just over a year ago, markets went into a tailspin. At that time then-Fed Chairman Bernanke made what was supposed to be a benign announcement that gave new meaning to the word "taper." Currencies were thrust into the mayhem well ahead of the statement becoming action, as markets tried to anticipate the pricing effects of this new monetary regime. Tapering is now well underway; how are currencies weathering the storm?

The Politics of Monetary Tightening

When it comes to elections, timing is critical. This year brings a rash of elections in some of the most important emerging markets: Brazil, India, Indonesia, Turkey and South Africa are all going to...
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The Economic Indicators That Need Sober Second Thought

Leading indicators have gained more prominence in the post-crisis period, if only because the on-again, off-again economy has intensified scrutiny of shifts in momentum.If we are going to be months, or more realistically, years in unwinding extraordinary policy measures, which leading indicators can we rely on to point the way for the economy?