Word: coversations
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See pictures of TIME's Wall Street covers.
See pictures of TIME's Wall Street covers.
Scientists have made lots of projections over the past few years about how warming temperatures and a changing climate will affect the planet. Real-world measurements have confirmed at least some of them: sea level is clearly rising, for instance, and the ice that covers the Arctic Ocean is shrinking...
This sophisticated bit of financial wizardry is known as a carry trade, and it's a popular way to offset moves in equity and bond markets while also producing a handsome return. (See pictures of TIME's Wall Street covers.)
"If companies can't sell stock or bonds as easily as investors would like to buy them, the cost of capital will go up," says James Ellman, president of the money-management firm Seacliff Capital. "That hurts companies' ability to expand, buy equipment and create jobs. GDP grows slower." (See...