The Philadelphia Inquirer on Metro Bank chairman Vernon Hill and his “sometime golfing buddy” Donald Trump.
Enodo Economics’ Diana Choyleva believes the world is on the verge of a significant inflationary snapback. The cause, however, isn’t profligate central bank policy as much as a global market correction against the errors of a collectivist top-down planning system which, through globalisation, infected the world.
What would it mean for markets if the US brought back all those untaxed foreign corporate profits? We look at what’s known, what’s unknown, and known unknowns. (Some of it depends on whether the repatriation is literal or figurative. It’s complicated.)
So continues our musings on the impact of demonetisation — India’s massive monetary experiment which saw 86 per cent of its currency taken out of circulation on November 8 as the government targeted so-called black money — on the Reserve Bank of India’s balance sheet. This time we wonder about how the RBI *should* act.