How the financial industry got a bad rap in the eyes of economists

The financial industry has had its share of bad press in recent years.As the global economy struggles with sluggish growth, the financial sector is being singled out for criticism for its failure to predict the recession, the inability to predict an economic downturn and its role in fueling financial bubbles.But as the financial markets recover, […]

IMF suspends asset purchase program after Kazakhstan’s economic problems

Kazakhstan is suspending its program of buying foreign assets, including $3 billion worth of U.S. Treasury bonds, according to a statement posted to its website.The move comes after Kazakhstan has said that it would cut its deficit in half by the end of the year.The decision is the latest blow to the U.N. economic agency, […]