I discuss the relation between the stock market and the real economy. In particular, I discuss two empirical findings: First, stock volatility is time varying and dependent on the state of the real economy. Second, macroeconomic volatility is a weak predictor of financial volatility while it is the opposite that holds strongly.
“Institutions form the incentive structure of a society, and the political and economic institutions, in consequence, are the underlying determinants of economic performance.”
I do not wish to discuss the challenges of investing in Tanzania or more politically inclined challenges. I, however, wish to discuss why investment makes sense.
Greg Smith, from South Africa is leaving Goldman Sachs, a large multinational banking and securities firm, as the firm’s executive director and head of the firm’s US equity derivatives business in Europe, the Middle East and Africa.
The World Bank’s main goal is to help reduce poverty in the world. This article gives an overview of what is going on with regards to this year’s selection of a new president of the bank.
I want to celebrate Tanzania’s fiftieth birthday, not by the number of years of our independence, but by the values we can identify with, the opportunities we have created for our people and by the level of economic and social freedoms our people enjoy and by the absence of discontinuity of these freedoms with passage of time.