UK economics: On 11th of January, the pound slumped to its lowest level in a year, falling to $1.2207 against the dollar, after Government borrowing costs hit their highest level since 2008. The government has been warned that borrowing costs are set to exceed targets outlined in the October budget. If the OBR predicts in its upcoming March borrowing forecast that the Chancellor’s fiscal rules … Continue reading News Briefing – 13/01/2025
The Beginning – Discovering a Foreign Field: Samik Chandarana, now Chief Data and Analytics Officer at JP Morgan, never planned to enter the world of finance. His journey in fact began far away from the trading floors of London, in the vibrant music scene at Manchester University. Deeply involved in the techno genre, by the late 1990s, Samik and his friends even released an album, Loop 82 – The New Style Swing, which can still be found on Spotify today. Although music was his … Continue reading AI and The Future of Finance
Natural disasters bring about economic shocks that extend beyond immediate physical damage. Hurricanes Helene and Milton, which recently hit Florida, disrupted vital industries like energy and trade. These events have had ripple effects that impacted employment, consumer spending, and supply chains within the U.S. Given Florida’s significant economic role, these natural disasters reached beyond the national level, sending shockwaves through global financial markets. Insurance Market … Continue reading How Natural Disasters Can Disrupt Economies: Helene and Milton
Shelter and Society: Ireland’s response to the migrant surge Ireland’s immigration situation has significantly changed in the recent years, and the country is now confronting an increasingly urgent challenge: the nation’s housing, public services, and social cohesiveness are being seriously threatened by the sudden spike in migration, intensified by international crises like the war in Ukraine and the sudden increase in the number of refugees … Continue reading Immigration in Ireland
Very few incidents in the history of worldwide trade are so curious (and sadly more bizarre) as the 17th century Nutmeg Crisis. When spices have been more than culinary accents, nutmeg was among the most precious goods on the planet. Superstition, speculation and plain financial greed drove European powers to grab this tiny seed as the key to unprecedented wealth. In some way it did … Continue reading The Nutmeg Crisis
Introduction The “Lost Decades” of Japan has been cited by economists and policymakers as an allegory to warn against heedless reduction in interest rates in the face of a worsening economic climate. During this period of economic stagflation triggered by its 1990 stock market crash and thus suffering from immense debt, the country was in desperate need to recover the economy from rapid deflation. As … Continue reading Disinflation and interest rates: Battling with the Zero Lower Bound
