Deflation is portrayed as the great economic scourge. It exacerbates debt servicing costs and encourages consumers to defer purchases. Central banks in Japan and Europe have responded with aggressive, unorthodox measures, often combining asset purchase...
This short piece on budget 2016-17, can hardly claim to be a comprehensive or even a partial overview of all the announcements made today. I merely focus very briefly on a few aspects that relate...
OPEC Secretary General Abdalla Salem El-Badri admitted on Monday that the price war has backfired. While it still controls about 40% of global oil production, OPEC has been losing market share to US and Canadian producers....
If Indian fiscal policy were to be summed up in one word, it would be anti-growth. Indian governments routinely borrow money to finance a substantial proportion of their expenditure; these borrowings add to their debt,...
Shares of Deutsche Bank have plunged 57% since July 31, to a new 30-year low today of €13.71. Since the beginning of the year, they lost 38%. Credit Suisse plunged 8.3% today to CHF 13.01,...
The TPP, one of biggest trade deals in history was signed on Wednesday, February 3, in New Zealand. The TPP involves 12 Pacific Rim nations – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand,...
There are increasing signs of an economic slowdown in China, with pundits wondering whether this may prompt the government to let the national currency drop even further. Big hedge funds are already placing bets on...
Plunges like this only occur when something big is going on. The restaurant industry has been unscathed by the economic slowdown. The meme is that Millennials like to spend their money on “experiences” – such...
Pauper or billionaire: Switzerland prepares for a vote on a basic income for all. Here are the arguments pro and con – and why the referendum is most likely to fail. To work or not...
BoJ surprised the market by taking an easing action on January 29. It was a bold move, introducing a negative central bank policy rate for the first time in Japan’s history. From February onward, the...
India is home to the fourth largest number of millionaires in Asia, with the country hosting 236,000 individuals with assets of over $1 million by the end of 2015, according to a recent report published...
“One must care about a world one will never see,” said Mahatma Gandhi according to prime minister Narendra Modi: that is how he began his speech to the general assembly of the United Nations. Well,...
