An interesting interview with emerging markets veteran, Mark Mobius, of Templeton Emerging Markets. He believes the fundamentals of emerging markets are strong despite the falls in 2013.

It’s that time of the year where I look at my pension holdings and decide where to place my bets. For the last couple of years the focus of my investments have been in global equity funds and they have done rather well. But with the big gains in 2013 (23%) , I moved everything into money market funds late in 2013, so missed out on the Santa Rally, though I avoided some of the emerging markets sell off.  [read more →]

The words too big to fail might have been coined during the various bail out’s of the 2008/2009 financial crisis, but little seems to have changed in the last 5 years. Data provider SNL Financial found that the five largest banks in the United States own 44% of the industry’s total assets.

Federal Reserve Chairman Ben Bernanke leaves his post shortly to be replaced by Janet Yellen. His speech yesterday ay the AEA in Philadelphia is going to be one of his last…