Wednesday-Night

See IMF  and World Economic Outlook Reports ; The world after the (bailout) vote
Nations seek IMF crisis funding
The credit squeeze is spreading to emerging market economies, forcing them to turn to the IMF for emergency balance of payments financing, managing director Dominique Strauss-Kahn confirmed yesterday.
His comments came amid mounting fears that Pakistan, Ukraine, Kazakhstan and […]

Where is money safe today? Where should the investor be? Cash? What currency? To whom can you turn for advice that is not tinged with self-interest? What institution can you trust? We have heard that even proverbial Swiss banks may not be that safe (ex.UBS) …. One Wednesday Nighter suggests that we should start each […]

June 2, 2008
The World Is Upside Down
Roger Cohen, NYT Op-Ed
See the developed world as depending on the developing world, rather than the other way round. Understand that two-thirds of global economic growth last year came from emerging countries, whose economies will expand about 6.7 percent in 2008, against 1.3 percent for the United […]

An unexpected treat … Chil Heward will be bringing his son Geoffrey, Senior Vice-President and Director of G.F.G. Heward.
Geoff began his investment career over 25 years ago working in London England as an Equity Dealer on the London Stock Exchange for Cazenove and Co, returning to Canada with Merrill Lynch […]

Last Wednesday Night’s discussion encompassed lunar-based solar technology, reports by Kimon of exciting developments in the New School of Athens global governance initiative, the environment, the economy and, of course, acclamation of the publishing achievement that has given birth to The Metropolitain. It was a full and challenging evening which we […]

January 28, 2008
Davos Diary: The schmooze of the world
Extreme brainpower meets extraordinary wealth at the annual World Economic Forum. Sean O’Grady reports from the plutocrats’ playground. Having followed much of the serious Davos coverage over the past days, we can recommend this somewhat light-hearted look at the events from The Independent
January 26, 2008
Japanese PM […]

Analysis of the 2007 Financial Subprime Crisis, by Jacques de Larosière
“Markets have been surprised by the eruption, on the 9th of August 2007, of the financial crisis. But a number of analysts had drawn the attention on the risks stemming from the co-existence of excessive liquidity, overextended institutions and an extreme sophistication of financial products. […]

23 January 2008
We are delighted that at the suggestion of Consul General Mary Marshall, U.S. Ambassador David Wilkins will be joining us for (part of) this Wednesday Night’s Salon. Ambassador Wilkins’ visit is particularly timely given that the Republican Primary was held in his native South Carolina on Saturday, however, we understand that he […]

With thanks to the Huffington Post
The financial turmoil is like an elephant in a dark room
By Martin Wolf, Financial Times
Global macroeconomic imbalances played a huge part in driving monetary policy decisions. These, in turn, led to house-price bubbles and huge financial excesses, particularly in securitised assets. Now policymakers are forced to deal with today’s symptoms […]

Photo taken on Nov. 18, 2007 shows the closing ceremony of the 3rd OPEC summit meeting in Riyadh, capital of Saudi arabia. A joint statement was issued at the end of the two-day meeting, promising to provide reliable supplies of oil. (Xinhua Photo)

21 November
A Kingdom Rich in Opportunity - November 21, 2007
By Stephen S. Poloz,  […]