CEF discounts are becoming objectively rich, particularly in the fixed-income part of the market. Explore more details here.

When bank loan returns have a systematic factor, the failure of one bank conveys adverse information about this systematic factor and increases the cost of borrowing for the surviving banks relative ...

As with immigration, the economy will provide much for Ireland’s next government to think about. But perhaps Ireland’s ...

Recent protests in Nigeria and Kenya should encourage governments to rethink constraints on public spending COMMENT | ...

Liberty All-Star Equity offers a 10% dividend yield and combines tech exposure with diversification. Click here to read why ...

Gold prices have increased since the Gaza war, fueled by recession fears. What looks increasingly likely is a procyclical ...

The Federal Reserve is facing challenges as recent labor market data revisions suggest a weaker job growth than initially ...

Profound shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, ...

This slice courts additional—primarily liquidity—risk, but sizing has been procyclical, growing during bull runs and shrinking more recently as higher interest rates have slashed valuations of ...

First, asset prices should move in tandem with real output (that is, they should be procyclical). Second, asset prices should lead the business cycle. Are these two features borne out by the data? We ...

Short-term capital flows appear to be procyclical in developing countries, increasing when economic growth is cyclically faster and declining when growth rates falter. Based on data for 33 developing ...

That’s not surprising given the portfolio’s procyclical tilt and the era’s sharp reversals, but investors here should be aware. Based on our assessment of the fund’s People, Process ...