For now, it’s worth noting here that even the Turkish lira and the Indian rupee are getting pulled into the contagion from Russia’s financial crisis, despite what lower oil and other commodity import prices mean for their current accounts and inflation rates. It’s an important lesson. It...
And even renowned investor Warren Buffett has cast his vote of confidence in the market—his investment flagship Berkshire Hathaway now owns more stocks in Japan than any other country outside of the U.S.But longtime investors in Japanese stocks may wonder if the current rally is different from...
Within the G20, surprisingly, currencies of many emerging countries have fared better than those of the high-income ones. Russia’s rouble has appreciated sharply. At the bottom are sterling, the Turkish lira and Argentine peso. What company the pound now keeps! Does the dollar’s strength ma...