FURTHER FURTHER READING
- New robots designed to collaborate with humans.
- Emerging economies' misinsurance problem.
- When vultures land in the Hamptons.
- Balance sheet recession about over.
- Summers faces his past.
ROUND-UP
Optimism grows for developed economies: "Government borrowing costs in the US and Europe surged as investors became more optimistic that the developed world has embarked on a period of sustained and rapid growth and anticipated that central banks will increase interest rates earlier than previously thought. Yields on sovereign debt, which move inversely to prices, broke above key levels in Europe and the US, even after Mario Draghi, the European Central Bank president, warned about the fragility of the eurozone's nascent economic recovery." (Financial Times)
G20 leaders grapple with risks of reduced US monetary stimulus: "Leaders at the Group of 20 summit were on Thursday grappling with the risks posed by a potential reduction of US monetary stimulus and worries over trade protectionism amid a shift of economic momentum towards advanced economies. After years of agonising over sluggish growth in the developed countries, G20 leaders confronted fears that turmoil in some emerging markets – including India – posed a serious new threat to global growth." (Financial Times)
