Before Christmas I was interviewed by Share Radio on the subject of why Switzerland had introduced negative interest-rates. Those who have not followed this subject may not be aware of the range that it encompasses. For example in the middle of the past decade what was called the “Carry Trade” saw borrowers particularly in Eastern Europe (Poland, and Hungary were at the forefront) use the Swiss Franc. Why? Because back then interest-rates were much lower in Switzerland than elsewhere and after all what could go wrong……..? For more detail here is the podcast.
Also on Christmas Eve I did an analysis of the UK’ s disappointing economic growth and balance of payments numbers for the third quarter of 2014 again for Share Radio.
In case I do not post again before next week let me wish you all a Happy New Year.