Search Results for: MoU
Lebanon puts temporary ban on taking large sums of dollar cash out of country: NNA
October 29th, 2019
A Lebanese state prosecutor on Sunday banned traders and money exchangers from taking significant amounts of physical dollar currency out of the country at air and land borders, state news agency NNA said. The order, which it said was ...
Money and the theory of exchange
October 23rd, 2019
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any in living memory and therefore the inflation of all major ...
The world’s most-used cryptocurrency isn’t Bitcoin
October 4th, 2019
What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. While concrete figures on trading volumes are hard to come by in ...
US set to impose tariffs on $7.5bn of EU exports; Is there an economic impact?
October 4th, 2019
The US has been given the go-ahead to impose tariffs on $7.5bn (£6.1bn) of goods it imports from the EU. It is the latest chapter in a 15-year battle between the US and the EU over illegal subsidies for ...
An Inflationary Depression
October 4th, 2019
Financial markets are ignoring bearish developments in international trade, which coincide with the end of a long expansionary phase for credit. Both empirical evidence from the one occasion these conditions existed in the past and reasoned theory suggest ...
Teenage trader lost £500,000 as he
led luxury lifestyle with supercars
October 3rd, 2019
A teenager who drove luxury cars while claiming to be a millionaire trader lost £500,000 of investors’ cash and has been reported to authorities. Morgan Reeve, from Hunstanton, set up Morgan FX Limited in July last year and bragged ...
Measuring Recession
September 20th, 2019
Using nominal GDP, or GDP deflated by the CPI, as the principal guide to the state of the economy is a common mistake which will eventually prove very costly. Having convinced themselves that GDP measures economic progress, government ...
VAT Gap: EU countries lost €137 billion in VAT revenues in 2017
September 12th, 2019
EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called ‘VAT Gap’ – or the overall difference between the expected VAT revenue and the amount ...
China’s new digital currency
September 9th, 2019
China’s proposed new digital currency would bear some similarities to Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank officer said. Mu Changchun, deputy director ...
China or US?
September 9th, 2019
China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong ...
