15 March 2018 Turkey has a history of "boom-bust" economic cycles. And, while Turkey enjoyed an impressive 7% GDP gain in 2017, the telltale signs of overheating again have emerged. In February 2018, for instance, inflation stood at 10.3% (granted, a bit lower than previous months), double the central bank's (CBRT) 5% target. And, core [...]
4 February 2018 In the wake of the Global Financial Crisis followed by Europe's Sovereign Debt Crisis, the Swiss franc (CHF) appreciated sharply (see top Chart), reflecting its traditional role as a safe haven. Confronting considerable deflationary risks the Swiss National Bank (SNB) abandoned its policy aimed at setting a floor for the exchange rate [...]
20 November 2017 I returned recently from Kilkenny, Ireland where I attended Kilkenomics – an engaging mix of global finance and comedy sponsored by the FT and hosted by the irrepressible David MacWilliams. I often found myself thinking only the Irish could pull off this unlikely mix, but then I look at Twitter, and am [...]
IGC_EU Migration Former UK Prime Minister's cogent advice will not have much political impact it desrves, as it comes far too late. Nevertheless, this valuable report from the Institute for Global Change provides lots of welcome facts on this important subject. This is especially important during an era of "alterjnative facts"!