Blog Entries and Commentaries

Postcard from Ethiopia

I spent a week in Ethiopia last week, as part of the process by which I am piecing together my own understanding of Africa. Partly, as I extend my business into the continent. Partly, as I build my own understanding … Continue reading…

Fama and Shiller, Men and Women – Musings on the perfect symmetry of information

The discussion around the diametrically different views between the three winners of last year’s Nobel Memorial Prize for Economic Sciences is still playing in my mind. Recently, from my own experiences in the way men and women handle information, some … Continue reading…

Standard Chartered: “A failure of franchise”

Standard Chartered Bank is broken. It was breaking up in full view over the past few years, except that it was not in the way that analysts think about banks. The worst is yet to come, but I thought I … Continue reading…

The future of the Renminbi can only start in Beijing

Recently, I have become very dependent on how Chinese premier Li Keqiang thinks and acts.
He is concerned to put in place the market infrastructure to help China tackle the challenges he will face in the next phase of its … Continue reading…

The way China’s State Council makes its most important decisions

Something that dawned on me as I analyzed the current liquidity crisis engulfing the Chinese banking industry was to reflect on the way in which China’s top policy making body, the State Council, delays or sidesteps its most important decisions. … Continue reading…

If I read China’s latest liquidity crisis right…

The manner in which the banking liquidity crisis currently underway in China is being reported and discussed worldwide by the media, analysts and very respected academics, as an attempt “to teach banks a lesson” baffles me. There is no central … Continue reading…


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