Archive

Tag Archives: global economy

Old timer structural worker 2, by Lewis Hine, edited by Durova

Old timer structural worker 2, by Lewis Hine, edited by Durova

Paul Gambles, Managing Director

In Part 1, I looked at how the Roaring Twenties led to the Wall Street Crash and the Great Depression. In Part 2, we discover how the past can cast shadows on our future.

Click here for the  PDF version

Read More

Advertisements
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