China to the rescue
Forget central banks, said Parmy Olson in Forbes.com. The governments of hot emerging-markets are the world's new sources of "stability, liquidity, and support in times of dire need." China's state-run China Investment Corp. provided the latest example when it agreed to pump $5 billion into Morgan Stanley as the investment bank reported a huge loss. By investing in "risky assets" others won't touch, sovereign wealth funds are soothing "crisis-racked" markets.
The cost of a free lunch
"There is such a thing as a free lunch," said Marshall Loeb in MarketWatch. And even a free dinner. But be on guard if the meal comes courtesy of a broker looking for new customers—especially if the invitation includes promises of "unrealistic returns." Look into the broker's background, keep records of your meetings, and write checks to an independent account, not an individual. Follow those rules and you can "protect your assets from retirement rip-offs."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- China's leader is telling the People's Liberation Army to prepare for war
- The religious right isn't retreating — it's reforming
- How I lost all my money
- How academia's liberal bias is killing social science
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- Why Pakistan won't hunt down the terrorists within its borders
- 10 things you need to know today: December 22, 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- A brief history of the Christmas present
Subscribe to the Week