Smash and grab ATM theft is this recession’s hip crime (Getty images) Call it the total ATM withdrawal. In the past year, as the economic slump has dragged on, robbers around the country are increasingly trying a new method to get their hands on cash. They’re no longer swiping stolen cards in automated teller machines. [...]
It’s an amazing part of this global economic anemia that investors large and small are finding the best balance of risk and return–and the most gusto– in emerging markets. Just a few years ago these markets were considered the frightening frontier (anyone remember the 1997 crisis?) but increasingly they are the place where hedge funds, retirees, and everyone [...]
Low rates in Japan and US have yet to boost economies (Toru Hanai/REUTERS) If you can count on any central bank to cut interest rates at the drop of a hat, it’s the Bank of Japan. On Tuesday morning, Bank of Japan surprised the world by cutting it’s already low-interest rates to effectively zero. The [...]
A few days ago, I became a permanent resident of Hong Kong. That means I can reside in the city without an employment visa. You need to live in Hong Kong at least seven years to qualify – I’ve been here more than eight. When I first arrived I expected to be here for two [...]
When the stock market gives you a gift like a 7.7% monthly return it’s almost impolite to question the justification for such a rise. Well, let’s be impolite then. The stock market, in this case the Dow, has risen sharply over the past month most likely because the economy is muddling along, improving bit by bit, and the Federal Reserve [...]
