Getting Smart at the Sandpit

Getting Smart at the Sandpit

The large Mexican city of Guadalajara is a thriving commercial center and home to 1.5 million people. But nearly 24,000 homes in Guadalajara have only a dirt floor and lack access to indoor plumbing and sanitation services. To tackle the challenge of people living without access to basic services in a large metropolitan area, 25 […]

Why Is Gazprom’s Output on the Decline?

Why Is Gazprom’s Output on the Decline?

photo: Ricardo Cabral The monopoly is forced to adjust supplies against falling demand on the Russian and European markets. In the past year, Gazprom has set a new anti-record for gas production. Based on the results for the past 12 months, its production volume is set to 409.4 billion cubic metres in the wake of the […]

The Year Ahead: Where to Invest in 2017

The Year Ahead: Where to Invest in 2017

Source  Key takeaway – Across the globe, populism and protectionism are on the rise and macro fundamentals remain weak. In this challenging context, growth will remain subdued in 2017, hampered by sluggish investment and productivity, ever-accumulating savings and modest inflation. With the exception of the Unites States (US), developed markets (DMs) will stagnate, burdened by […]

The Development Mutants Are Coming … and We Care

The Development Mutants Are Coming … and We Care

Mutants are organisms that mutate due to a change in their composition or structure. In the development industry, we are starting to recognize mutants that slowly, but inexorably, are beginning to compete in the space historically reserved for international financial institutions. How can we understand these changes? And how can we use these mutants to […]

Innovation Alone Won’t Change Habits

Innovation Alone Won’t Change Habits

I like observing people. Not in a creepy, nosy way. More in a want-to-understand-how-people-behave kind of way. For example, I pay attention to how people standing in front of me in a line pay for purchases. What I have observed, I am sure, is not the product of bad luck: a not-insignificant fraction of people […]

Dollar Mixed while Stocks Slide to Begin Last Week of Q3

Dollar Mixed while Stocks Slide to Begin Last Week of Q3

The US dollar is narrowly mixed.  The euro, yen and Swiss franc are higher, while the dollar-bloc and sterling are softer.  The moving element here is not so much the greenback, which serving more as a fulcrum, but idiosyncratic, country-level developments. The yen is the strongest of the majors. The dollar was turned back from above JPY101 and is now […]

Overcoming the Second Steel Crisis

Overcoming the Second Steel Crisis

  photo: David Clow Today, advanced economies blame China for steel overcapacity. In reality, four decades ago Washington and Brussels opted for bad policies, which China seeks to transcend. In the G20 summit in Hangzhou, some world leaders had harsh words for China’s steel overcapacity. Before the summit, President Barack Obama was urged by US lawmakers, […]

Crash Course Part 3: The Age of Stagnation?

Crash Course Part 3: The Age of Stagnation?

photo: Ken Teegardin There are now three possible scenarios for the global economy and financial markets. The first is the Lazarus economy, where the strategies in place lead to a strong recovery. The US leads the way. Europe improves as the required internal transfers and rebalancing takes place with Germany accepting debt mutualisation to preserve the […]

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