Devaluation? Have we forgotten? Reasons for fluctuating currency exchange rates Gold standard, Breton Woods System and Nixon Shock

It remains uncertain as to whether the trade war between the US and China is going to drive China to devalue the Yuan further and exacerbate their relations. Continue reading Devaluation? Have we forgotten? Reasons for fluctuating currency exchange rates Gold standard, Breton Woods System and Nixon Shock

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The causes of the bubble economy in Japan during the late 80’s

Contrary to the widely accepted perception that the bursting of the bubble was merely triggered by the gullibility of the masses, it seems that there were a number of events that led to the eruption. Continue reading The causes of the bubble economy in Japan during the late 80’s

Charles Ponzi (1882-1949): A conman whose notoriety has been forever embedded in our common lexicon

While he grew ever more desperate for yet another idea for a get-rich-quick scheme, one day, he stumbled across postal reply coupons in an envelop his friend sent him from overseas. A flash of light crossed his mind, and he was instantly enthralled by the idea, this time, for a legitimate venture. Continue reading Charles Ponzi (1882-1949): A conman whose notoriety has been forever embedded in our common lexicon