For those in South Africa and elsewhere devoted to the rule of law, the supremacy of constitutional institutions over individual personalities, and repelled by corruption, South Africa’s President Ja…

The Bank of Japan (BoJ) is widely expected to end yield curve control. But Japanese yields will remain low, and foreign bonds will remain attractive to those Japanese investors who don’t have to hedg…

(L-R) India's Prime Minister Manmohan Singh, Russia's President Dmitry Medvedev, China's President Hu Jintao, Brazil's President Dilma Rousseff and South African President Jacob Zuma attend a joint n…

From the beginning of 2009 through this past May 21st, the Fed amassed a portfolio of mortgage-backed securities (MBS) valued at $1.2 trillion.  Over this period, the average 30-year fixed mortgag…

In early May, Malaysia was stunned by the victory, in national elections, of the opposition coalition, led by Mahathir Mohamad and essentially (from jail), longtime opposition leader Anwar Ibrahim. A…