Obama tackles inequality by raising federal min wage
US President Barack Obama: "Whenever I can take steps without legislation to expand opportunity for more American families, that's what I'm going to do." (29 Jan) - US President Barack Obama has promised to bypass a fractured Congress to tackle economic inequality in his annual State of the Union address. He...
Massive emerging markets currency collapse soon?
Currency collapse looms for emerging markets(26 Jan) - This time, the Federal Reserve has created a truly global problem. A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets. But now that the Fed has decided to begin "the taper", investors...
US Fed holds the fuse to S’pore’s bubble time bomb
The Fed holds the fuse to Singapore’s bubble time bomb. (24 Jan) - The United States’ monetary policy has far-reaching, sometimes unintended consequences, and these past few years have seen unprecedented liquidity injections from the Fed. One way the stimulus manifests itself is as bubbles in other economies, where the ultra-low...
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