Authored by Charles Gave via Gavekal Research, When meeting some clients a few weeks ago in Amsterdam, I made my usual remark about the stupidity of running negative interest rates. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> In response my host told me a sobering story. He manages a pension fund and had recently started to build… Read More

FaceApp, the popular application that has become a viral trend for showing what people would look like after they age 30 years, isn’t well known to be a Russia-based piece of software. Its even lesser known that the terms and conditions of the app grant it ‘perpetual, irrevocable’ rights to your content, according to a new… Read More

I confess to following the Beige Book lately for mostly entertainment purposes. It was always an exercise in intellectual vanity, an opportunity for Fed Presidents to cram into it their own biases. But to see the FOMC just abandon the LABOR SHORTAGE!!! like they have, that’s not strictly about amusement; though it is to some… Read More