Serious investment thinking that doesn’t take itself too seriously.
Leading economists share their thoughts on money, rates and prices
Whatever the “global economy” happened to look like in “their time”, there have always been nations/City States, determined to expand & become overarching dominant mercantilists/capitalists. And each of the FX’in disruptors of the day, knew THEY COULD ONLY trump if their currency gained...
Inflation is back! Or so the commentariat would have you believe. The Consumer Price Index (CPI) grew 0.6 percent in August, significantly higher than the previous six monthly...
The Housing Act of ‘80 isn’t something many are likely to be overly familiar with. Yet, throughout the ‘80s, it "acted" to polarise public opinion like few other policies; of...
While the overall picture is clearly disinflationary, notably in Asia ex-Japan and US, core inflation is stickier in Europe and Japan. It is a concern that energy prices may have bottomed out and annual comparisons could turn unfavourable later in the year. Labour markets remain very tight and there is little sign of wage deceleration.
After more than two years of high inflation, the Federal Reserve finally has inflation back on target. The Personal Consumption Expenditures Price Index (PCEPI) has grown at a...
The US economy was pushed to extremes during the pandemic recession and subsequent recovery. The unemployment rate peaked at 14.7 percent, the highest in the post-World War II...
If being entirely honest, we’d accept our wish-lists invariably include items that, without some huge leap of wealth, opportunity, or technology, will always remain beyond us....
When Liz Truss and Kwasi Kwarteng’s tax-cutting mini-budget triggered a UK debt crisis in autumn 2022, the pound plummeted to almost parity with the US dollar. In 2023...
During the pandemic, a frequently re-iterated claim was that the contraction of the economy was not dramatically less severe in areas that adopted milder policies but reported...
Originally published May 2023. Since March, we have experienced three of the largest bank failures in United States history. Silicon Valley Bank, Signature Bank, and New...