Archive

Global Economy

American union bank, Public Domain

American Union Bank 1929, Public Domain

Paul Gambles, Managing Director

Predicting the future is always a risky business. Accurately forecasting when changes will happen is impossible.

 

However if, like Kondratieff, we look at the economy as a series of cycles[1], the events around the Wall Street Crash of 1929 and the Great Depression of the 1930s can alert us as to what may happen in the near future.

Click here for the PDF version

Read More

A man is riding a tricycle with heavy load on the streets of Shanghai - by Jakub Hałun

A man is riding a tricycle with heavy load on the streets of Shanghai – by Jakub Hałun

Paul Gambles, Managing Director

On Sunday China’s central bank, the People’s Bank of China (PBOC) reduced its reserve-requirement ratio (RRR) by a huge 1% (or 100 base points), a record-equalling cut.

RRR is the percentage of depositors’ balances a bank must retain in cash – the rate is usually set by the central bank. The reduction of this amount is an easing tool, designed to encourage banks to lend more and reduce interest rates.[1]

Click here for the PDF version

Read More