Spend or save? It pays to be prudent if you want financial security. But governments and central bankers do everything …
Wall Street pay has imploded. Will you be next?
It’s been a decade since the global financial crisis started in earnest. Wall Street pay has imploded since then, and …
Why the Deutsche Bank capital raise is not negative
Last week I provided an update on Deutsche Bank stock. It’s a deeply discounted turnaround opportunity that I spotted last …
Deutsche Bank stock: up 65% but still cheap
In late July 2016 I recommended buying shares in Deutsche Bank, one of the world’s biggest investment banks. Most people …
The slowly disappearing securities markets
Just like the universe, securities markets are constantly expanding. There’s an ever expanding amount of investment capital looking for a …
Lies, damned lies and CPI
“There are three kinds of lies: lies, damned lies and statistics.” Benjamin Disraeli, British prime minister (attributed by Mark Twain, …
How to lose friends and alienate the Germans
“How to win friends and influence people” is a famous book that’s sold over 30 million copies since 1936. Unfortunately, …
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 …
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 …
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 …
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 …
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 …
Stock alert: hell-fire or hell yes?
In England in the 1740s a fellow called Sir Francis Dashwood set up something that became known as the “Hell-Fire …
Is this stock a huge opportunity or toxic waste?
There’s a huge global investment bank that’s priced for distress. But if you trust its new CEO then the stock …
The huge investment bank that has everyone worried
Stock investors have completely lost confidence in one of the world’s most important investment banks. If it did come crashing …
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 …