Gresham was a 17th century banker and trader, after whom Greshams, the North Norfolk Public school is named. Mr Gresham is most famous for 'Gresham's law' which states that, 'Bad money drives out good.' In Gresham's time of coins, it meant that, one would always spend a 'fake' coin or one with less precious metal content and keep the good ones; a b...
This week, it was announced to big fanfare that: 'The UK's worsening housing crisis has led the Institute of Economic Affairs (IEA) to set up a £50,000 prize for anyone who can solve it – with Conservative MP Jacob Rees-Mogg as judge.' https://twitter.com/iealondon/status/1021311057426608128 'Competitors are being asked to propose a single policy i...
The Euro is a currency. That would seem blindingly obvious, but it means that there are two ways in which the Euro could collapse and one way in which it could get massively stronger. A currency is not just a means of exchange for goods and services within a country, it is also an asset that has a shifting value against other currencies, that is, t...
Author:CATHERINE BLAIKLOCK Would you like to lend to the German government and get paid a grand total of 0.43% a year for 10 years? Or how about lending to the French government and getting 0.73% or to the Spanish government at 1.35%? An annual yield of 1.35% a year, lending to Spain and you are invested for 10 years. Doesn't sound very good, does ...
