China’s trade surplus widened last month to the largest in more than four years as exports exceeded estimates, in a sign global demand is helping sustain a recovery in the world’s second-biggest economy.
We identified the top forecasters using estimates from the Bloomberg ECO survey for economic indicators in the euro zone and 10 countries. These nations, which were among the top 25 in GDP, had to have a minimum of two ranked forecasters making predictions for at least three indicators, including GDP, to qualify for our list.
Northwest Warrant Fund Ltd., the best-performing equity hedge fund tracked by Bloomberg in the past year, returned 203 percent in the first 10 months betting that Japan’s stimulus will bolster stock prices.
U.K. mortgage approvals rose to the highest in almost six years in October and business lending fell, highlighting an imbalance in credit that Bank of England Governor Mark Carney is trying to address.
President Barack Obama has shown a determination to redistribute wealth by increasing government spending, despite unsustainable deficits. We shouldn’t be surprised if Janet Yellen, the president’s nominee to be Federal Reserve chairman, shares his objective.