We are an advisory and consulting company with expertise in finance and economics, especially in the official sector. We aim to provide original, independent analysis and commentary on economic and geo-political affairs.
We offer a newsletter and regular articles to our subscribers, and a bespoke advisory and consulting service. For the most recent articles go to our Latest articles page. Earlier articles are held in our Articles Archive, which can be accessed on the Latest articles page via the Categories list on the right. The Archive contains all articles published since 2002.
The growing interest in Bitcoin – driven by yet more price records – has begun to draw attention to its energy usage and environmental cost. Both creating Bitcoin and transacting it are extraordinarily energy-intensive, and investors who prioritise ESG concerns are beginning to notice this.
For much of the last 30 years, it has been a good time to be a senior central banker. Over that period central banks have grown in stature, prominence and power, and the very top central bankers have become household names. The next ten years look like being less easy for them.