Reuters blog archive
from The Great Debate:
Icelanders are among the happiest and healthiest people on Earth. They publish more books per capita than any other country, and they have more artists. They boast the most prevalent belief in evolution -- and elves, too. Iceland is the world’s most peaceful nation (the cops don’t even carry guns), and the best place for kids. Oh, and they had a lesbian head of state, the world’s first. Granted, the national dish is putrefied shark meat, but you can’t have everything.
Iceland is also the best place to have a uterus, according to the folks at the World Economic Forum. The Global Gender Gap Report ranks countries based on where women have the most equal access to education and healthcare, and where they can participate most fully in the country's political and economic life.
According to the 2013 report, Icelandic women pretty much have it all. Their sisters in Finland, Norway, and Sweden have it pretty good, too: those countries came in second, third and fourth, respectively. Denmark is not far behind at number seven.
The U.S. comes in at a dismal 23rd, which is a notch down from last year. At least we’re not Yemen, which is dead last out of 136 countries.
from Global Investing:
Central bankers as carry traders? Why not.
As we wrote here yesterday, FX reserves at global central banks may be starting to rise again. That's a consequence of a pick up in portfolio investment flows in recent weeks and is likely to continue after the U.S. Fed's announcement of its QE3 money-printing programme.
According to analysts at ING, the Fed’s decision to restart its printing presses will first of all increase liquidity (some of which will find its way into central bank coffers). Second, it also tends to depress volatility and lower volatility encourages the carry trade. Over the next 12 months these two themes will combine as global reserve managers twin their efforts to keep their money safe and still try to make a return, ING predicts, dubbing it a positive carry story.