Charles Dumas, research director at Lombard Street Research Ltd., talks with Bloomberg's Ken Prewitt and Tom Keene. For more ``Surveillance'' and ``On the Economy'' podcasts, please visit iAmplify.com.
Economists were probably too busy watching markets gyrate to contemplate last month’s big news in science. Physicists detected particles travelling faster than light, which, if the reading was accurate, means time travel is possible.
Object loudly, lobby Congress and predict horrible consequences for the economy and investors. Money-market funds, like their Wall Street banking kin, are learning how to fend off new regulations meant to prevent a replay of the financial crisis of 2008. One fund company, Federated Investors Inc., is even threatening to sue.
A new round of asset purchases by the Federal Reserve may lead to higher inflation in China as the country fails to let its currency strengthen, according to Charles Dumas of Lombard Street Research Ltd.