How a Fake Country Fooled the Big Banks

As an emerging markets investor in 19th century South America, it was tough to find out what was really happening. At best, up-to-date news had a three month journey. Even with good winds, the round trip between London and South…

Why The Eddie Murphy Rule is About More Than Orange Juice

Because of a wonderful orange juice scam in “Trading Places,” the Eddie Murphy Rule wound up in the 2010 Dodd-Frank financial regulation act.

Comparing Central Banks

Perhaps we can divide the world between inflation fighters and recession fighters. Right now, most of the inflation fighters are in the developing world. In Brazil, Russia, India and China (the BRICs), more expensive food and energy and growing demand…