The US magazine Foreign Policy recently ran an article titled “Hugo’s Banker” (meaning the late President Chavez of Venezuela) describing as the world’s most powerful banker Mr. Chen Yuan, the Chairman of China Development Bank (CDB). In what sense is … Continued
A great piece of research from the authors at the University of Michigan and Princeton University (*) tests the hypothesis that the bankers inside the sub-prime mortgage bubble knew it was all too good to last. They find the hypothesis false. … Continued
A sovereign wealth fund (SWF) is an organisation that manages financial and other assets on behalf of a government or nation. But what about the holdings of foreign exchange reserves by central banks? These assets, often much larger in size, … Continued
It’s uplifting to visit a city that has a rich and glorious past but also an exciting future. So many cities attract tourists to their historic sites and buildings, who leave with a slightly melancholy sense that the best has … Continued
I came across this poem in an interestingly random way and it immediately struck a chord with me. Love After Love The time will comewhen, with elationyou will greet yourself arrivingat your own door, in your own mirrorand each will … Continued