The crisis of interventionism, the end of globalisation, and the looming tech trade war
“I say to all those who bet against Greece and against Europe: You lost and Greece won. You lost and Europe won.” –Jean-Claude Juncker,…
Stagflation is, always and everywhere, a Keynesian phenomenon
Although it might seem odd for a school of economics to largely ignore the role of money in the economy, this is indeed the…
Don’t Shoot The Speculator!
Editor’s Note: This article was previously published in The Amphora Report, Vol 5, 09 May 2014. “Capitalism is not chiefly an incentive system but…
2014: A year of investing dangerously
For those rich in assets, 2013 was a good year. Equity markets, especially in the US, rose substantially. Property markets continued their recovery. Even…
Collateral transformation: the latest, greatest financial weapon of mass destruction
Back in 2006, as the debate was raging whether or not the US had a mortgage credit and housing bubble, I had an ongoing,…
Monetisation on steroids
Back in mid-March I made the latest of my somewhat rare specific, near-term market predictions, in this case that a US stock market correction…
A review of The Great Deformation
David Stockman’s The Great Deformation is a tour de force of historical revisionism that demolishes the conventional economic and political wisdom prevailing both prior…
Someone has to pay – will it be you?
The Cyprus banking kerfuffle has ignited a blogosphere storm debating the likelihood that depositors elsewhere, perhaps even ‘guaranteed’ ones, may find themselves on the…
Assume the brace position
On rare occasions I make specific, near-term market predictions, most recently in Q3 last year, when I called for a modest equity market correction….
Cooperation breakdown
The evidence of a major breakdown in global economic and monetary cooperation continues to mount. Just yesterday, the G7 released a statement regarding foreign…