10-03-2016, 11:21 PM
Amid worries that the world's economy may be stuck in low gear, there are signs that growth may be picking up speed, according to economic forecasters. No one is predicting a return to pre-recession boom times. But the headwinds that have been holding back growth seem to be easing, both in the U.S. and around the world.
Forecasters see global economy perking up
It’s hard to overstate how astonishing and rapid the decline in extreme poverty in the past couple of decades has been. In 1990, more than a third of people on Earth lived on less than $1.90 a day, adjusted for local prices (this is the line the World Bank uses as its main metric). By 2013, barely 10 percent of people did; the rate had been cut by more than two-thirds. That’s one of the biggest and fastest improvements in human well-being in the history of the planet.
In 1990, more than 60% of people in East Asia were in extreme poverty. Now only 3.5% are. - Vox
The strategist who predicted the capital concerns now enveloping Deutsche Bank has told CNBC what could happen next in a saga that has seen the bank's share price fall by over 50 percent this year. In late 2013, Paul Gambles, a managing partner at advisory firm MBMG International, said that Deutsche Bank was over-leveraged and believed Germany's banking system was one of the worst in the world. These fears reached the wider investment community this year who think Deutsche Bank'll need to raise capital after the U.S. Justice Department (DOJ) suggested it pay $14 billion to settle a number of investigations related to mortgage securities.
The man who called Deutsche’s decline has some gloomy predictions on what’ll happen next
Polls show that most ordinary Russians hold deeply illiberal views on social issues (for example, 21 per cent want to see homosexuals ‘liquidated’, and another 37 per cent advocate ‘separating them from society’ — while only 11 per cent believe homosexuality to be a ‘sexual orientation from birth, which merits the same rights as heterosexual orientation&rsquo. And historical polling data from the recently shuttered Levada research centre shows that Russian attitudes on gays, blacks, Jews, foreigners, capital punishment and the like have remained pretty unenlightened since the fall of the Soviet Union.
Revealed: Putin’s covert war on western decadence
There are risk-averse traders who never make significant money. There are risk-seeking traders who blow up. Then there are smart traders who take calculated risks. They make selective bets. Like the skilled poker player, they know when they have a good hand and they know how and when to bet that hand. But to take calculated risks, you have to know how much risk you're truly taking. Several factors impact the risks in your trading