Stop trying to beat the market: Even the richest Americans can’t do it
consistently
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The 400 richest Americans would collectively have performed better over the
past 12 months had they invested their net worths in an S&P 500 index fund.
7 hours ago
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"We expect action and we expect courageous and cooperative action on the part of our members," Lagarde told reporters ahead of the IMF's twice-yearly meetings in Tokyo.
ReplyDeleteThe slowdown has not spared emerging market economies, which were instrumental in pulling the global economy out of recession in 2009. Brazil cut interest rates on Wednesday and South Korea on Thursday.
"Developing countries, which have been the engine of growth, will not be immune the increased uncertainty in the global economy," said World Bank President Jim Yong Kim.