When a trading ‘rabble’ hit financial markets in late January with retail investors putting a squeeze on the industry’s squeeze of GameShop, financial journalists were furious after years of pretending Wall Street had things to tell us. The upset by Main Street ruined the secrets of multi-billionaires, who are scandalised that the mere public uses...Read More

In January 2020, Christine Lagarde announced that the ECB would be conducting a year-long review process of its monetary policy and remit. Much has happened since its last review in 2004, and GPI has responded to Lagarde’s ambitious agenda. The report reviews the development of ECB monetary policy over the past 30 years and concludes...Read More

For the last nine years Bangladesh has been growing steadily with an unbroken run of 6 percent or higher growth rates, reaching as high as 8.2 percent in 2019. With the unparalleled health, social and economic threats raised by the coronavirus pandemic, is the budget for fiscal year (FY2021) fit for purpose to restore economic...Read More

The US Fed Chair Jerome Powell last week buried wage inflation targets. These were always terrible, but does this burial mean new hope? At the global central bank talkfest on 27 August, Powell put an end to the Inflation Targets that were decreed in the 1990s.[i] Although the Bank of Canada (BoC) and Reserve Bank...Read More

GPI’s Overview statement of mid-2019 noted the trends of de-globalisation, the failings of neoliberalism to underpin an equitable global order, and the build-up of pressure in relation to the climate emergency and resource depletion. These trends confirmed GPI’s original analysis of a world dividing up into regional blocs as rising new powers in Asia favoured...Read More

The Chinese government’s announcement of a controversial new national security law for Hong Kong has encountered distinctively restrained responses from policymakers and officials in Brussels and other European Union (EU) capitals in contrast to combative countermeasures coming out of Washington DC and London.  As a result of US President Donald Trump’s numerous threats of withdrawals...Read More

Have I seen this musical before? No, that is not a Hamilton moment, but the musical is based on Ron Chernow’s excellent biography of one of America’s founding fathers, Alexander Hamilton. We used the term several times in our Federal Central Banks. A Comparison of the US Federal Reserve and the European Central Bank (2018)....Read More

The ferocity of the Coronavirus pandemic has affected the developed and less developed regions of the globe, both urban and rural, and the activities we all take for granted have come to a standstill. This article, however, will focus on the already-discernible impacts and longer-term implications of the pandemic on Bangladesh. The key questions that...Read More

We are being bombarded with statistics, wave-like attacks. The debt statistics of the great financial crash starting in 2008, then the awakening interest in inequality, and now the dreadful stats of Covid-19, which are instigating another wave of debt and expenditure statistics. If statistics could put the world to rights, allowing what Condorcet called “the sweet despotism...Read More

This is a top down view of the progress of the Covid-19 virus and the global pandemic. It summarizes information obtained from John Hopkins University, and presented in a different form. The world is divided into 8 regions, and the analysis shows what has been happening to them in the period from March to mid...Read More