This amazing graphic gives a very visual snapshot of the inequality of global GDP per capita among nations. Luxembourg has the richest population in terms of GDP per capita, enhanced by the fact that many who work in Luxembourg's banking and asset...
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18/08/21: I published a further commentary at OMFIF today on the challenge to monetary sovereignty from accelerating dollarisation of both the global economy and many domestic economies. The piece starts with ex-Bank of...
Read MoreOn 15 August 1971, in a speech broadcast on American television, pre-empting Bonanza, President Nixon announced that he was 'temporarily' closing the Gold Window that allowed other nations to exchange USD for gold at $35 per ounce. The Bretton...
Read MorePhoto: Lasse Skog/Global Utmaning/Flickr Professor Charles Goodhart has been an advisor to Pacemaker since the first inspiration for a Financial Stability FinTech. I have known Charles more than 30 years, and we...
Read MoreSo I wrote about the Didi imbroglio earlier this week, suggesting Bloomberg's coverage was peculiarly slanted, omitted key details, and was over-critical of China. In both a news article and a commentary Bloomberg omitted the...
Read MoreThe first story I read on Bloomberg this morning was Didi Loses $22 Billion in Market Cap After China Crackdown. Later in the day I read the Shuli Ren commentary, also on Bloomberg, The Tiger Who Came to Tea — Didi-China Style...
Read MoreI started reading Nouriel Roubini's blog on Roubini.com back in 2005. He was one of the few economists to appreciate how the boom in bad mortgage underwriting and worse mortgage securitisations with derivatives would eventually lead to a banking...
Read MoreThe Finns are the happiest people in the world. https://www.visualcapitalist.com/mapped-global-happiness-levels-in-2021/
Read MoreOne of my all-time favourite graphics has been updated: The Snowball of Government Debt. Source: Visual Capitalist What this one image tells us is that only a small minority of countries 'keep their fiscal house in order'...
Read MoreIt was a delightful surprise when my first OMFIF Commentary, China's Dollar Pragmatism, published in September, became the Most Read Commentary 2020 by the end of an eventful year. I drafted it in irritation at the increased frequency of articles...
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