GDP: A Brief But Affectionate History by Diane Coyle GDP is one economic model among several that could serve the purpose, but its use conveniently leads to policies that reflect the thinking of a particular school of economic monetary and fiscal policy advocates. We all know that in operating a business we need to be able to measure the profits of our company and then adjust our prices and production to make sure ...
The River Valley, Queenstown, New Zealand
Tesla Motors -- in which I have no financial interest -- has a huge governance problem. And in the last few weeks, that problem has cast a dark shadow over those who hope to ride their love of Tesla's products to stock market riches. Here are three things that fried my more...
Foreign Exchange post-Brexit Vote The RMB has depreciated ~8% from ~6.2 to ~6.7 RMB/USD in one year, weakest since Oct 2010. The risk of a resumption of capital outflows driven by expectations of near-term RMB weakening is therefore rising. The official FX reserve figures of over $3.1 trillion overstate the amount of ammunition available to defend the RMB, as $1 trillion or more of these reserves may be encumbered through forward and ...
U.S. stocks staged yet another day of a stellar performance as S&P 500 hit an all-time high and Amazon toppled Berkshire Hathaway to become world’s fifth largest company by market value. more...
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