Wednesday, July 12, 2017

Middle East Eye: Egypt's economy on path to recovery

By SIMON CONSTABLE

Things are looking up for Egypt’s beleaguered economy. At least investors think so, which is why they are pouring money into the country. Analysts are optimistic also. The news must come as welcome relief for the country's residents who have suffered brutal inflation and soaring unemployment.
In what must be one of the bitterest ironies of this decade, the optimism of the Arab Spring in 2011 quickly turned sour as Egypt became mired in economic malaise. Read more here.

Tuesday, July 11, 2017

U.S. News: Sometimes, the Best Advice Is 'Do Nothing'

By SIMON CONSTABLE

Think back to the 2016 U.S. presidential election, when markets tanked overnight as Donald Trump's victory shocked investors. The next day in the gray and the rain, anxious traders at the New York Stock Exchange rushed to the exchange floor for what they expected to be a foreboding day. Read more here.

Forbes: China's Market Regulators Appear To Be At War With Themselves

By SIMON CONSTABLE
China's latest financial markets move is puzzling.
The country wants to open up its bond market to foreign investors. The reason for this would seem to be part of its apparent long-term goal of having the Chinese yuan become a major world currency just like the euro or the yen or the greenback. Some people even say the yuan could supplant the dollar as the number one reserve currency. Even if that happens it's a long way off in large part because of what the Chinese government is doing to itself.
The issue is that different parts of China's bureaucracy would appear to be working against each other, at least in their actions if not their intent. Read more here.

Monday, July 10, 2017

WSJ: What Are Interval Funds?

By SIMON CONSTABLE
Investors may soon be hearing more about interval funds.
With these funds, investors can redeem shares only at specified times or intervals.
Why would an investor want to own one? Because it’s hard for an individual to find another way to invest in the assets these funds hold. Read more here.

WSJ: Asia Might Beckon for Junk Investors

By Simon Constable

Could Asian junk debt be a sweet spot for investors?
Over the past few years, high-yield bonds from Asia have offered better returns than similar bonds offered in the U.S. and other regions, with comparable or lower volatility. There are reasons to think the trend may continue. Read more here.

Photo by CHUTTERSNAP on Unsplash

Sunday, July 9, 2017

No.3 Magazine: Deliberately Irreverent

By SIMON CONSTABLE

Some people manage to fit more into their list of achievements than seems reasonable. Take, for instance, British-born Anthony Haden-Guest: journalist, art critic, soldier, amateur boxer, war correspondent, escapee from a WWII internment camp, and cartoonist. He also wrote The Last Party: Studio 54, Disco, and the Culture of the Night, and numerous other books. 




That list only scrapes the surface. “Some people can be a Mozart or Keats and be together by twenty years old,” he says modestly. “Or you can be like me; just turned eighty and learning how to handle your weaknesses.” He’s obviously handling them quite well. 
Earlier this year, for his eightieth birthday party he held a boxing match in which, among others, he fought off an opponent dressed as President Donald Trump. Not long after that, he brought forth his latest collection of art “The Further Chronicles of Now,” which opened at Anderson Contemporary in fashionable lower Manhattan.
As with his boxing match, Haden-Guest is irreverent, but that's not the whole of it. He draws his cartoons mainly in ink, with limited color and seems to follow two rules of thumb simultaneously: bold is better, and less is more. Together they morph into a well defined aesthetic. That’s something with which he has wrestled over time. “I was a photographer for a while and and I realized that if I took a roll of 36 pictures, they would look like they’d been taken by four different photographers,” he says. “That’s a killer for a photographer.” Likewise, he looks back at his drawings and wishes everything from more than a decade ago was turned to ash.
For him, the process of ‘cartoonery,’ is deliberate. “Any artist will tell you there is always a mystery about how everything got there,” he explains. “That is not true about cartoons – it has to be a missile – even the colors should help towards to the joke.” 
Of course, one wonders what deliberate field Haden-Guest will take on now he’s entering his ninth decade.

See original story here.

Monday, July 3, 2017

U.S. News: Why Emerging Markets Are a Good Bet Now

By SIMON CONSTABLE

Emerging markets have been on something of a tear over the past year, and experts say they have more room to run. That's good news for investors who have arrived late to this party.
The MSCI Emerging Markets Index, which tracks stocks in 24 countries – including China, Russia, Poland, and Peru – is up more than 25 percent this year. That compares to gains over the same period of less than 20 percent for the Standard & Poor's 500 Index, excluding dividends.
What's behind this stellar performance? First, emerging markets are cheap compared to the U.S. stock market. Read more here.