Europe Archives - Page 7 of 7 - The Tontine Coffee-House

Exchange Alley

Nov 12, 2018thetchblog17931 CommentEurope

Long before New York became a financial capital of North America, let alone the world, London already had the institutions befitting a city of finance and commerce. The Royal Exchange had been founded by merchant and advisor to the monarch, Sir Thomas Gresham in 1571. Lloyd’s of London would be founded in a coffeehouse a…

The Bank of England’s Weathervane

Oct 29, 2018thetchblog1793Europe

For better or worse, forecasting has become part of economists’ repertoires. But, given the delays involved in collecting and summarizing data into regular reports on the economy’s health, using more frequently compiled or even real-time data is an art in itself. Trying to make sense of the overall economy by looking at minute-by-minute movements in…