Is the collapse of US growth inevitable?
Over the past 150 years or so, today’s developed countries achieved their lofty status. Incomes and standards of living rocketed …
Economic Crisis
Economic Crisis
War on cash: The Curse of Kenneth Rogoff – Part II
There’s a major problem with banning popular things. It turns ordinary people into criminals. It happened with the prohibition of …
Economic Crisis
War on cash: The Curse of Kenneth Rogoff – Part I
Kenneth Rogoff, an establishment economics professor at Harvard University, is promoting his new book “The Curse of Cash”. In his …
Economic Crisis
Money and the “missing link” – Part II
Money is the oil in the economic machine. Without it all the gears would get jammed up. Most of the …
Economic Crisis
Money and the “missing link” – Part I
What is “money”? Do you know where it comes from? Not even one in a thousand finance professionals could answer …
Economic Crisis
Let’s print more money!
Last night, as I uncomfortably jetted southwards across the Atlantic ocean, a reminder of our strange times was hitting the …
Economic Crisis
Bond market or black hole?
“Black hole” noun: A region of space having a gravitational field so intense that no matter or radiation can escape. …
Economic Crisis
Not yet time to panic (probably)
There are pockets of distress in the world economy and financial system. The UK’s recent vote to leave the EU …
Economic Crisis
Is the Brexit panic over? Sort of…
The British vote for a “Brexit” from the EU has been followed by a week of high drama in British …
Economic Crisis
Has “Brexit” started a new global banking crisis?
The British vote for a so-called “Brexit” from the EU has resulted in some big market moves. Most notably, bank …
Economic Crisis
Too much politics is bad for investors: Brazil, the USA and Europe
There’s too much politics about. Brazil can’t work out whether to get rid of its current president. The USA takes …
Economic Crisis
Gold pops, Japan drops, Europe strops
The gold price briefly rose above $1,300 per troy ounce on Monday. Japanese stocks are down 8% in four trading …
Economic Crisis
The idiocy of government
“Solar farm will save $22 million for the Sunshine Coast.” In such way an article by the Brisbane Times from …
Economic Crisis
Supermodels, Donald Trump and cheap cake
It’s summer in South America. This week I find myself in Uruguay, in close proximity to expensive supermodels and cheap …
Economic Crisis
You know things are bad when…
You know things are bad when even the big investment banks can’t make money. And that’s in markets that have …
Economic Crisis
The case for outlawing cash
A reader has written in asking exactly what we mean when we talk about “cash”. It’s something that we think …