How time and uncertainty can make us “antifragile”
byNo two buzzwords define the present crisis more than “contagion” and “robustness” in the world of economists and policy wonks. The current interrelated nature…
Why some emerging markets are heading for a bust
byIn countries such as Turkey and Argentina a tighter stance implemented by central banks has set in motion an economic bust. In Turkey the…
Emerging markets, interest rates and tapering
byThanks to the Fed’s tapering, a wider public is becoming aware of currency instability in diverse economies, from Turkey to Argentina, and India to…
Britain’s inflationary outlook
byI’ve recently written for Save Our Savers attempting to square the massive expansion of Britain’s monetary base since March 2009 with the fact that…
Not at Davos and proud of it
by“We know Carney is blagging us, he knows we know but he has to keep a straight face and essentially say – look chaps…
How the paper money experiment will end
byA paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the money supply is…
Why the West sells gold and China buys it
byA number of readers and bloggers have recently suggested there must be collusion between America and China over the transfer of physical gold from…
The economics of the minimum wage
byMinimum wages are a popular topic. Barack Obama proposes a nearly 40% increase from $7.25 per hour to $10.10 and David Cameron has faced…
The way we help people does not help people
byThe highest form of charity, argued the 12th-century Jewish philosopher Maimonides, is when the help given enables the receiver to become self-sufficient. But our…
Rate expectations
by“It is no longer a secret that stocks, like bonds, do poorly in an inflationary environment.” – Warren Buffett, ‘How inflation swindles the equity…