Monthly Archives: July 2014

Monetary Discord

Last Monday’s Daily Telegraph carried an interview with Jaime Caruana, the General Manager of the Bank for International Settlements (the BIS). As General Manger, Caruana is CEO of the central banks’ central bank. In international monetary affairs the heads of all central banks, with the possible exception of Janet Yellen at the Fed, defer to him. And… Read more »

Last Monday’s Daily Telegraph carried an interview with Jaime Caruana, the General Manager of the Bank for International Settlements (the BIS). As General Manger, Caruana is CEO of the central banks’ central bank. In international monetary affairs the heads of all central banks, with the possible exception of Janet Yellen at the Fed, defer to him. And… Read more »

The Anglosphere: A Reflection

The first consultative bodies were in 8th England but it was not until a group of Barons on June 16th 1215 forced King John to grant, inter alia, individuals the right to a trial before incarceration. Twenty one years later the first parliament was formed of nobles. From simple beginnings parliament, which included nobles, two… Read more »

The first consultative bodies were in 8th England but it was not until a group of Barons on June 16th 1215 forced King John to grant, inter alia, individuals the right to a trial before incarceration. Twenty one years later the first parliament was formed of nobles. From simple beginnings parliament, which included nobles, two… Read more »

Economic Insights – The Euro’s Future

One of the stock topics at investment conferences nowadays is, ‘what does the future hold for the euro?’  Conference organisers see this as giving speakers the opportunity to tell their audiences that the single currency has survived its time of tribulation and that, through judicious ECB monetary policy and structural reform in the hard-pressed nations… Read more »

One of the stock topics at investment conferences nowadays is, ‘what does the future hold for the euro?’  Conference organisers see this as giving speakers the opportunity to tell their audiences that the single currency has survived its time of tribulation and that, through judicious ECB monetary policy and structural reform in the hard-pressed nations… Read more »

Economic Insights: The Principle, Not The Name

Mr Cameron shows no signs of backing down in opposing Mr Juncker’s candidacy for the position of EU Commission president.  He insists it is a matter of principle, not of personal antipathy towards the former Luxembourg prime minister.  In this, he echoes the words of other European leaders who are unhappy about accepting Mr Juncker’s… Read more »

Mr Cameron shows no signs of backing down in opposing Mr Juncker’s candidacy for the position of EU Commission president.  He insists it is a matter of principle, not of personal antipathy towards the former Luxembourg prime minister.  In this, he echoes the words of other European leaders who are unhappy about accepting Mr Juncker’s… Read more »