By Dr. Rainer Zitelmann on 2014/08/05Mario Draghi has been fêted by the media lately. As they have it, he is the man who solved the Eurozone crisis, and who did so with just a few words: "But there is another message I want to tell you. Within our man-date, the ECB is ready to do whatever it takes to preserve the Euro. And believe me, it will be enough."
By Dr. Rainer Zitelmann on 2014/08/04Open-ended and closed-end investment funds are emerging from their most severe crisis in decades. Large segments of the market have collapsed. The sheer number of formerly prominent investment companies who pulled out of the market sounds a clear message.