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HEDGE-FUND managers may be feeling quietly smug about their performance in 2017. They returned 6.5% on average, according to Hedge Fund Research, a data provider, their best year since 2013. But those returns do not really suggest that they are masters of the investing universe. The S&P 500 index, America’s main equity benchmark, returned 21.8%, […]
A bar of gold. A disk of iron. A chain of beads. A card of plastic. A slip of cotton-linen paper. These things are worthless. One cannot eat them, or drink them, or use them as a blanket. But they are valuable, too. Their value comes from the simplest thing. People believe they are money, […]
REUTERS/Jason Lee Sudden financial meltdown is less likely. The Chinese government has the situation under control and will do whatever it takes to keep it under control — that’s in essence what Premier Li Keqiang said today in a speech at the World Economic Forum in the Chinese city of Dalian. “We are fully capable […]
REUTERS/Jonathan Ernst During Friday’s press conference with German Chancellor Angela Merkel, President Donald Trump repeated the big idea about trade that has been floating around his White House lately. Trump told Merkel and the press that Germany had gotten the better end of the stick in trade deals with the US in the past and […]
