For decades economists have tried to work out what it is about natural resources that sows havoc. In their work Escaping the Resource Curse, Humphreys, Sachs and Stiglitz (three renowned economists) paradoxically state that despite the prospects of wealth and opportunity that accompany the discovery and extraction of oil and other natural resources, these resources often end up ...

The day is 28 July 2024! Yes 2024. Approximately one year ago, the financial community put an end to its peculiar game of speculating about the color of the tie worn by Jerome Powell, the Chairman of the US Federal Reserve. For over a year, a significant number of financial market participants had been fervently analyzing each and every detail they could find, attempting to acc ...