hina 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
- 31 TV shows to watch in 2014
- Why atheism doesn't have the upper hand over religion
- Why would a young person today be religious?
- The world's dumbest idea: Taxing solar energy
- He said he was leaving. She ignored him.
- 14 wonderful words with no English equivalent
- What would a U.S.-Russia war look like?
- Why I'm a pro-life liberal
- How to flirt, according to science
- Which states get screwed worst by the Electoral College?
Subscribe to the Week