The BIS and the economic bubble warning we cannot ignore

The Bank for International Settlements is an odd organisation. Originally set up in the 1930s to facilitate the payment of First World War reparations by Germany to France, Britain and others, it has since transformed into a club of central bankers. What’s less well-known that it came within a whisker of being disbanded during the Second World War. It had been tainted by the failure of the reparations policy and … Continue Reading ››