SAIS International Finance Club Weekly Newsletter – Week of October 24, 2016
Club members, please see information on this week’s recent news and exciting events as well as internship/full-time position deadlines.
-Your SAIS International Finance Club Leadership
Recent Finance News
Euro continues to fall!
The Euro fell to its lowest level against the dollar since March, hitting $1.0859.
On Thursday, Mario Draghi did not say anything about QE (expected to end on March 2017) nor the multi-month fall of the Euro.
“Euro continues to hover near 7mth low”
Raising Interest Rates, Maybe?
The Fed delayed raising interest rates in their last meeting. Some argue that the American economy is underperforming: sluggish GDP, low productivity growth, and immobile wages. Low interest rates mean that businesses substitute capital for labor. Cheap capital puts a downward pressure on wages thus acting against monetary stimulus.
Near-Zero rates also affect financial decision making by pushing investors into buying abstruse assets in search for higher returns.
“To revive America’s economy, raise interest rates”
|Thomson Reuters||China Finance Correspondent||2-Nov|
|Thomson Reuters||Senior Markets Correspondent – China||2-Nov|
|IFC||Financial Inclusion Consultant||26-Oct|
|The World Bank||Investment Policy Team Consultant||26-Oct|
|The World Bank||Monitoring and Reporting Specialist||23-Oct|
|The World Bank||Data Analytics Consultant||23-Oct|
Upcoming Off-Campus Events:
October 26, 5:30PM: “The Brookings Debate: Have free trade deals been a net positive for working Americans?” On Wednesday, October 26, CNBC’s John Harwood will moderate a civil debate between a distinguished group of experts over whether or not free trade deals have been a net positive for working Americans. The experts will sit on two teams, and, among other questions, will examine the role international trade plays in our economy today, how the benefits are distributed, and how we ensure that trade deals are fair to American workers. For more information and registration, click here.
Oct. 25th, 11:45am to 1:15pm: “Risks to the Global Financial System: Remarks by Bill Rhodes” On October 25, Bill Rhodes, former senior vice chairman of Citigroup, will address critical challenges facing global finance. Rhodes will address formidable risks within the global financial system that he believes have endangered future global economic growth. For more information and registration, click here.
Recent Finance News: Yanki Kalfa
On Campus Events: Nikki Tan
Jobs and Internships: Quinn Campbell
Off-Campus Events: Marco Kim
Newsletter Editor: Yanki Kalfa