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Category Archives: Main Page
World Bank cuts growth forecast (again) to lowest since 2008
The World Bank slashed its 2016 global growth forecast on Wednesday (for 5th consecutive year) to 2.4% from the 2.9% estimated in January due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and diminishing capital flows. … Continue reading
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The future of banking: losses on ‘investors’ not taxpayers
Keynote speech by Sir Paul Tucker, Chair of the Systemic Risk Council, Fellow at the Harvard Kennedy School and former Deputy Governor of the Bank of England: “Solving the too big to fail problem is a necessary precondition to starting … Continue reading
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‘Dumb’ money tsunami cresting
Who bears the greatest downside risk from monetary madness that has swept the world since 2010? Not central bankers. They operate in a world of theories, personal impunity, above-average salaries, guaranteed pensions and benefits. The answer is not the real … Continue reading
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