Debt, money, sin

March 20, 2019 0

  The word for ‘debt’ in German – to owe money – is ‘Schuld’, and it also means ‘sin’ in this language. This dual meaning also existed in Akkadian in Babylon. In fact, it’s a Babylonian sovereign, Hammurabi, who in 1792 BC was the first to set up a veritable system of debt-renouncement that entailed…

By Michel Santi

BOB = Bored of Brexit

January 22, 2019 0

As“Brexit fatigue”takes hold of us, let’s look back over the terminology relating to it. While “soft Brexit” means the UK staying in the single market according to the “Norway model”, “hard Brexit” means exiting the EU with no agreement in place but then signing a trade deal, known as the “Canada model”. However, it’s only…

By Michel Santi

The US: a rate cut to come ?

January 5, 2019 0

The US Federal Reserve, as we know, is in the process of “normalising” its monetary policy stance. That means it’s committed to gradually raising its guideline rates, after the extreme efforts during the finance crisis that led to quantitative easing. After increasing its rates four times in 2018, it has just announced two or three…

By Michel Santi