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...“The time will come when I’ll be much more comfortable increasing my equity exposure, but I’ve been quite cautious,” he added, referring to volatility in both the equity and bond markets as rates are expected...
...I’m surrounded by dozens of depictions of the Madonna and Child, catalogue pages mounted into the walls of a greenhouse-like structure....
...But, I would argue, expectations for Europe are now far too low. This underperformance stems in large part from the ripple effects of Russia’s invasion of Ukraine and the ensuing energy crisis....
...When comparing the reaction of markets to the views of most national security experts, I am reminded of the story of the frog in boiling water....
...This article is part of FT Globetrotter’s guide to Madrid When I was living in Madrid in my early twenties, warm Sunday afternoons were for El Retiro park....
...The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy Early in my investment management career, I was taught to design long-term investment portfolios as a pyramid...
...Undoubtedly, and using a clever distinction I heard years ago from my former Pimco colleague Andrew Balls, last week’s central bank outcomes were correlated rather than co-ordinated....
...As someone who has frequently worked in El Salvador, I cannot quite describe the joy of walking peacefully down the street, of knowing my friends and colleagues will be safe from murder and extortion...
...“The Salvadoran economy is horrible — I don’t know why people haven’t spoken more about this,” said Moisés Naím, a Washington-based expert on Latin America....
...“I don’t govern for the UN or Human Rights Watch. I govern for the people and the people are happy,” Ulloa said....
...Above all, it requires courage to move forward and test new models (and to embrace the potential for failure)....
...In such a scenario I would be more inclined to add bonds with inflation index-linked returns to my portfolio rather than long-term government bonds or risk assets....
...“I wouldn’t be surprised if this election effectively turns El Salvador into a single-party state.”...
...I don’t think anyone was expecting it,” said Paul Joules, cocoa analyst at Rabobank, adding that this was “from an already ridiculously high position” at the end of 2023....
...In fact online, as well as “bricks and mortar”, would benefit as customers would bring forward their orders. Sunday trading restrictions are a vital way of protecting families....
...Basic nursing care is not available for the thousands facing death each year in homes or on hospital wards....
...“I’m Chilean, how do I vote for you?” said another. “I love you Bukele my brother, it’s a shame I’m not Salvadoran.”...
...(Also opening this week is El Anatsui: Timespace, a show of his work at London’s October Gallery.)...
...“The first weapon I ever held was my mother’s hand,” she tells us in the novel’s opening line. Readers of Ward’s work will not be surprised by this combination of intimacy and force....
...If you’re going to treat me as a business, I will farm like a business.”...
...Mohamed El-Erian And that was it. So the next day I went to see the founder of Pimco and I said, in the next 12 months, I’m stepping down....
...Lehmann Maupin opens in three connecting spaces with a group show of new works, including Mandy El-Sayegh, Catherine Opie and Nari Ward, who gets a room to himself....
...So I would have liked to read much more about the political economy of the programme advocated in Permacrisis....
...As much as I respect and enjoy Mohamed El-Erian’s columns, he really shouldn’t repeat the trope that China was “once hailed for its repeated economic miracles that lifted hundreds of millions out of poverty...
...Even last month, at his party’s recent conference in Manchester, he said: “Obviously, in the run-up to an election, I would love to discuss a tax cut that ordinary people feel . . ....
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