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Cautionary Tales – The City that Sold Itself to Wall Street
Cautionary Book Club:When Morgan Stanley offered to lease Chicago’s parking metres for the princely sum of $1 billion, the City Council were convinced they had struck gold and hastily signed the deal. They soon learnt, however, that they hadn’
By NB
Sep 1, 2023
The fundamental reason China will struggle to dethrone the dollar
Making a currency a global standard demands deep trust in its issuer’s openness and reliability
By NB
Aug 31, 2023
Markets are not signalling doom and gloom for China’s economy
Financial price moves are telling a different story to some of the more pessimistic forecasts for the country
By NB
Aug 29, 2023
In search of a new economic playbook
Chinese corporate earnings reports this week are forecast to log poor performance
By NB
Aug 28, 2023