Price inflation approaching
byThere is some evidence in the UK of a pick-up in consumer spending, probably echoed elsewhere. There are two likely factors behind this, the…
Central Banking
Untangling gold at the Bank of England
byFrom 2006 the Bank of England’s Annual Report has declared the quantity of gold in its custody, including the UK’s own 310 tonnes. Prior…
Fed tightens control over banks activities
byOn Tuesday July 2, US central bank policy makers voted in favour of the US version of the global bank rules known as the…
Bank reform demands monetary reform – an essay for Banking 2020
byThis article was published yesterday at stevebaker.info. Today sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In…
Confessions of a central bank official (two in fact and one to come)
byCity A.M. reports today Dovish Carney stuns markets: EQUITY markets jumped yesterday after the Bank of England shocked investors by indicating that rates would…
Enter the Guv’nor
by“Mark Carney, the new governor of the Bank of England, could hardly have timed his arrival better. Even before he launched his bid to…
Collateral transformation: the latest, greatest financial weapon of mass destruction
byBack in 2006, as the debate was raging whether or not the US had a mortgage credit and housing bubble, I had an ongoing,…
The Corruption of Capitalism in America
byFollowing on from John Butler’s review, here’s Detlev’s take on “The Great Deformation” … David Stockman’s new book is a brilliant, penetrating analysis of the present state…
Could Bitcoin be the money of the future?
byThe crypto-currency Bitcoin is still merely a speck on the global monetary landscape. It is young, experimental, and for all we know, it may…
Would the real Peter and Paul please stand up?
byIn a previous life as a London-based ‘global strategist’ (I was never sure what that was) I was known as someone who was worried…