Economics

The Ruble, no longer 'in rubble'?

The Russian currency has made a remarkable comeback from that low point on March 7. It was trading at 71 to the dollar at the time of...

May 1, 20223 min read

Picture that you are a day trader on the NYSE sitting in your home office trying to make sense of all the data that your multi-screen...

May 21, 20212 min read

Governments issue bonds in order to raise money for various projects. Bonds are simply an IOU, that is, a debt instrument. But what...

May 17, 20212 min read

Just like in everyday life, the share markets are driven by the decisions of people and it is by the virtue of their decisions that...

May 13, 20212 min read

A lot of people are of the opinion that greed and excessive risk are the cause of the 2007-2008 financial crash. But blaming greed is...

May 7, 20212 min read

When one hears the word "auction" usually the above image springs to mind. An overly animated auctioneer continuously shouting out the...

May 3, 20213 min read

Built for a population that never came, these new cities are a consequence of the 2005-2011 Chinese Property Bubble. Ghost-Cities are...

May 2, 20212 min read

In a way financial markets are like time machines. They make it possible to borrow against tomorrow's income and spend it on items today...

May 1, 20212 min read