Showing 1 - 10 of 14
US can't rely on inflation shamanism
News, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.
Thai casinos are looming, you can bet on it
Roger Crutchley, Published on 08/09/2024
» It seems the Thai authorities are determined to open casinos as part of a large entertainment complex. The casino debate has been going on for decades during which an estimated 100 committees have been set up to mull, ponder, reflect, ruminate and even excogitate the pros and cons only to decide not to come to a decision.
The US dollar is a problem for everyone
Oped, Published on 20/08/2024
» In 1971, US Treasury Secretary John Connally famously told his counterparts in the G10 that "the dollar is our currency, but it's your problem". Connally was being unexpectedly candid about the fact that, even though the greenback was the world's main reserve currency, its foremost purpose was to advance US interests.
Markets may be sending a signal
News, Published on 12/08/2024
» What looks like a financial market in disarray may instead just be normalisation that will ultimately help insulate investment portfolios rather than sending them to the ground.
Bangladesh, Venezuela and democracy
Oped, Gwynne Dyer, Published on 09/08/2024
» If all that mattered was economic growth, then prime minister Shaikh Hasina would still be in power. She ruled Bangladesh for 15 continuous years during which the country's income per capita more than tripled. Yet she has been overthrown by the very same students who stood to benefit most from her remarkable economic achievements.
Double standards
Oped, Postbag, Published on 03/08/2024
» Re: "Srettha defends integrity in court", (BP, July 31).
Banks that don't want money bode ill
News, Chartchai Parasuk, Published on 11/07/2024
» When is the last time readers experienced a situation like this? One takes money to deposit in a bank and the bank says please take your money elsewhere as we have no use for it. Such an unusual situation is happening in Thailand at this moment. Thai banks are reducing their credit portfolios and, consequently, reducing their needs for funding.
Labour's win gives Britain a chance
News, Published on 06/07/2024
» Ever since Rishi Sunak's rain-sodden announcement to call a general election on July 4, one question has hung over British politics: Will Labour win by a landslide or just a regular majority?
Steep learning curves -- election heat for bonds
News, Published on 05/07/2024
» Some might wonder why it took so long, but the risk that this year's key elections exaggerate rather than rein in bloated public debt is finally seeing long-term sovereign bonds rear up.
2% inflation targets wiggle room
News, Published on 11/06/2024
» This week's milestone G7 interest rate cuts dispel any notion that hitting 2% inflation targets spot on is a precondition for central bank moves or indeed sensible -- and may guide thinking on the Federal Reserve and Bank of England too.