Taoyuan Nights

The following link (Telegraph) is one of the better pieces I’ve read lately.
As you may know, historically, economists/financiers seem to have held the view that although Japan had horrific government debt relative to the size of its economy (GDP), this was ‘OK’ since it was all lent by Japanese citizens (because of the high savings [...]

While walking around a buxiban area near Taipei Main Station, I came across what I think was a school, which had a giant map on the wall of the English-speaking countries of the world. As you can see, it’s quite interesting and unusual.

Map of the UK.
Today’s Lesson: The capital cities of the United Kingdom!
London, the [...]

This is for those of you whose hearts don’t leap with joy at the mere thought of calculating the implied market expectations of future rates. Basically it’s an easy way to get access to market prices for future lending rates. In other words: what are the banks ‘betting’ that interest rates will be in the [...]