There is life in sovereign bonds if you know where to look on July 17, 2016In 1167, the Republic of Venice became the first modern state to borrow from its citizens in a formal manner, taking a loan from 90 leading families. Within a few years the terms of such loans had been standardised; within a century a lively trade in tranches of the consolidated national debt was being carried […]
The short-term consequences of Brexit are severe – but financial disaster is not inevitable on July 5, 2016England have just been ejected from Euro 2016 by Iceland. Is this an early example of the hapless future that lies ahead for Britain now that we have opted for exile from the richest economic zone on Earth? Or is it a demonstration of the mighty feats that even the tiniest of nations can achieve […]