“Reinvent money. Transform the global economy. So people everywhere can live better lives.” The mission of Facebook’s new coin is a working example of golden circle marketing. However, there are clear economic limits to what it can achieve. It will not end up replacing national currencies.
The disappointing recovery following the 2008 Great Financial Crisis has brought to life Alvin Hansen’s thesis of the late 1930s. Hansen was wrong. But he was wrong in way he still might be right after all.
July was an eventful month for the financial markets, especially for currencies and commodities. Our expert, Johan Gallopyn, takes stock of the main trends in equities, bonds, central banks, currencies and commodities in the past month.
October showed fairly sizeable movements on the equity, fixed-income and foreign exchange markets. Once again, central bank activity had a lot to do with this. Our expert, Johan Gallopyn, outlines the main trends of the past month.
Our global economic activity indicator suggests that growth remains subdued, in line with the IMF’s latest outlook report. That said, we are witnessing early but encouraging signs of acceleration in recent months.