HK taking a shot at MAS (Monetary Authority of Singapore) to cradle more payment companies in HK? Source: First five companies licensed to offer stored value facilities in Hong Kong | South China Morning Post — This page was last updated on August 26, 2016.
Another brilliant read. Negative yield…. the new economics. George Orwell’s classic novel 1984 described a nation engulfed in continuous warfare. That dystopian vision is growing remarkably similar in the current economic reality Source: George Orwell’s ‘negative yield’ doublespeak portends another financial crisis brewing | Financial Post — This page was last updated on August 25, …
I’m still trying to grapple with all this negative interest scenario. It is absolutely absurd that we have come to a point where we need to pay banks to keep our money. Perhaps, we all need a refresher course in economics 101. Deutsche Bank’s chief executive has warned of the “ Source: Deutsche boss: negative …
Deutsche boss: negative interest rates are ‘fatal’ Read More »
A great read. If you want to get a better historical sense of the economic policies, Thomas Picketty’s Capital is a recommended read. Targeting inflation has been the solution to ongoing high inflation. But we are no longer living in that world, and economic policies are not infallible Source: The new normal: why we need …