Finance

What went wrong at the Royal Bank of Scotland (RBS)? Albert Einstein once said “the definition of insanity is doing something over and over again and expecting a different result”. It seems this might ring true with regards to poor decision making and risk taking that didn’t pay off time and time again at the…

The balance of economic power is shifting away from America and Europe to Asia, but this eastward movement is not new. Asia rebounded from the recession much faster than the developed world – it even overtook Germany as the biggest exporter in the world. And, is the front runner for technology and production of motor vehicles….

The worlds second largest financial system in China is somewhat like James Bond, a man or in this case, an institute of mystery. Who is it that calls all the shots? Who is it that decides where the money is spent and exactly what it is spent on? Working out who is really in charge is…

When we think of Greece, we think of stature, mythology and tales of Zeus and Hercules. Greece today however, is a far cry from this. A country that has lived far beyond its means for quite some time. A country that has never recovered from recession, a country where one in 10 people are without a…

It all seemed clear a year ago, run up large budget deficits to make up for the huge private demand in the recession. And, when the economy recovers, switch to deficit reduction, to prevent nervous bond markets from pushing up interest rates. President, Barak Obama and his economic team wasted no time putting this into…