Money Matters

On 1st May a Royal Decree was published,1 implementing incentives for companies establishing their international headquarters (IHQ) and international trading centres (ITC) in Thailand. The idea behind the scheme is…
Democracy is when the indigent, and not the men of property, are the rulers. - Aristotle Austerity is not the answer Despite its co-operative rhetoric,1 the IMF and its Troika…
Democracy is when the indigent, and not the men of property, are the rulers. - Aristotle After five years of negotiation, Greece has defaulted on its payment to the IMF…
As the summer holiday season approaches, the Chinese economy looks in rude health - the IMF measures it as the world’s second largest and predicts it will remain so at…
According to the Thai Board of Investment, Thailand is a Gateway to Asia. Yet can Thailand really compete with low-tax countries, strong neighbours and the economic might of southern China?…
In Part 1, I compared Greece’s current predicament with the Asian Financial Crisis of 1997. In the second part of the article, I look at how the IMF helped Asia…
With the breakdown of money economy the practice of international barter is becoming prevalent. - John Maynard Keynes, the Economic Consequences of the Peace, 1920 Every October in Greece, blue-and-white…
Benchmark for recovery? Once the Great Depression took hold in the 1930s, FD Roosevelt famously promised a “New Deal for the American people.”1 Attempts to regulate the financial system and…
In Parts 1 & 2, I looked at how the Roaring Twenties led to the Wall Street Crash and the Great Depression. In Parts 3 & 4, we discover how…
Despite all the warning signs, including stock market prices dropping in March and May 1929, the Dow Jones Industrial Average gained around 28% between June and September 1929. In fact…
Predicting the future is always a risky business. Accurately forecasting when changes will happen is impossible. However if, like Kondratieff, we look at the economy as a series of cycles1,…

A seventh year of bulls?

Friday, 15 May 2015 Issue Vol. XXIII No. 20 By Paul Gambles Co-founder of MBMG Group
March signalled the sixth anniversary of bulls dominating the S&P 500 - and the run may have some more fuel in it yet, but for how long? Six years of…
Recently, China’s central bank, the People’s Bank of China (PBOC), reduced its reserve-requirement ratio (RRR) by a record-equalling 1% (or 100 base points). RRR is the percentage of depositors’ balances…

Thailand Tax Changes

Friday, 01 May 2015 Issue Vol. XXIII No. 18 By Paul Gambles Co-founder of MBMG Group
There have been a number of changes to Thailand’s economic and business environment since the current government took power last May; not least in the area of taxation. Here’s a…
As well as ‘getting more exercise’, one of the items that can be difficult to achieve in a To Do list is setting - and more importantly, sticking to -…

Preparing for the Digital Afterlife

Friday, 17 April 2015 Issue Vol. XXIII No. 16 By Paul Gambles Co-founder of MBMG Group
I’ve long held in great importance the concept of helping clients make sure their affairs are in order should anything happen to them. The right planning can ensure loved ones…
In the early hours of 23rd March, Singaporean Prime Minister Lee Hsien Loong announced that his father and independent Singapore’s first Prime Minister, Lee Kuan Yew, had died. Lee’s death…

Liberté, Égalité, Fiscalité!

Friday, 03 April 2015 Issue Vol. XXIII No. 14 By Paul Gambles Co-founder of MBMG Group
Foreign owners of property in France could be in line for a tax rebate - and it’s all thanks to a Dutchman. Gérard de Ruyter was working in France between…
The last time that we were in debt-deflation was the 1930s. It took extreme policy measures to end debt deflation back then. Not the New Deal, not the Rentenmark but…
I’m increasingly described these days as a perma-bear or something of a pessimist. I think this is a little unfair because as I often point out, I’ve only been bearish…
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