Question one: What causes a massive loss of faith in a country’s political and financial systems? Answer: About a century …
From the Amazon bubble to the gold mining bust
The trillion dollar “mostly empty box”. Earlier in the week, Amazon Inc. (NASDAQ:AMZN) grabbed headlines again. That’s as it temporarily …
Argentina’s currency collapse (hype hits reality)
Yesterday (Wednesday 29th August) the Argentine peso lost over 7% against the US dollar. Today it lost another 12.5%. It’s …
Turkey gets roasted
Just last Thursday I highlighted how Turkish stocks were approaching their 2009 lows, in dollar terms. But I also said …
Impolitic politics
Back to Argentina…back to the big city…back to a massive new corruption and bribery scandal. It’s sweeping up senior functionaries …
The hard lessons of populist failure
Today I want to share with you a recent email exchange I had with a reader named Patrick, who I …
Brazil’s uncertain market outlook
The Brazilian stock market has been hammered in the last few months. In US dollar terms, it’s one of the …
Italy’s “lost decades”
Things change quickly! Last week I highlighted how the summit meeting between Donald Trump and Kim Jong-un had been cancelled. …
Faking GDP growth: in the US and elsewhere
Structural factors make low economic growth a virtual certainty in the US and most other developed countries. But that doesn’t …
The World, 50 years from now
A couple of weeks ago, I sat down for a game of Risk, something I haven’t done since university. Risk …
Investors in Argentina get a wake-up call
Argentina is slowly on the mend. But, after seven decades since Peronism first reared its ugly head, there’s a hell …
A snapshot of the state of the World (in charts)
It’s easy to get distracted by immediate developments and daily news flow. But it pays to keep an eye on …
A decade on: Europe’s huge bad debt problem
The global financial crisis (GFC) got rolling in 2007, and the financial sky had caved in by late 2008. You’d …
Is deflation a bigger risk than inflation?
Consumer price inflation (CPI) has scraped itself off the floor in the past couple of years. In the face of …
Will rising rates pop the world’s housing bubbles?
Almost 10 years ago, in May 2008, I sold my apartment in London before emigrating to Argentina. That was at …
This week’s ambitious tax reform…in Argentina
Argentina, a country that’s been beating itself up for at least 70 years, now has a real chance to switch …