The head of the Bank of Zambia is a religious man. And he needs to be in a country that was until a few years ago infamous for corruption, the weakness of its central bank, the woeful inadequacies of its banking system, and generally low international reg...

It’s not like that in China where Zhou Xiaochuan, governor of the People’s Bank of China, is on a mission, carefully co-ordinated with the government, to have the greenback replaced as the world’s reserve currency.As China (and Asia̵...

With the backing of 82 year-old Paul Volcker at Obama’s side and a like-minded Mervyn King (a mere 61), he’s reshaping the operating conditions of the western world’s financial sector. The last time anything on this scale happened was 75...

A central banker to his finger tips, Jean-Pierre Roth said it through clenched teeth: “We are not giving UBS a present”. Here was the head of the Swiss National Bank, the bailiff of bank bail-outs, not to mention the current chairman of the BIS, doing...

The UK is now facing the highest rate of inflation since the summer of 1992, whilst economic growth is forecast to slump to one percent by the end of the year, down from three percent in 2007. With no end to increases in food and oil prices, a slump in ho...

And these last few years, its value has been booming. In the US alone, one-quarter of the jobs created there since 2001 have been in construction, real estate and mortgage finance. The world economy has withstood a dotcom bust, international terrorism and...

In a recent video conference lecture, Ex-Vice (and still wannabe) President Al Gore said; “in the next 40 years, there will be more building than in the previous 3,000 years.” In this of course he saw great environmental risks. Global financie...

They cannot achieve equilibrium and overshoot continuously by over-supplying or under-providing any given good or service. This led to a ‘dynamic disequilibrium’ and always resulted in bubbles, booms, recessions and downturns.Today, this is a ...

The answer is London, Switzerland and to some extent, even Germany. It is astonishing that over the same period, the UK’s surplus went from $7.6 billion to $25.3 billion. And Switzerland, the world leader for offshore finance, nearly doubled from $6...

In 2001, Gordon Chang authored a global bestseller "The Coming Collapse of China." To suggest that the world’s largest nation of 1.3 billion people is on the brink of collapse is understandably for many, a deeply unnerving theme. And many seasoned...