In his absence, the UK went into complete meltdown, with the currency crashing, bonds plunging and political chaos unfolding. But what was behind all the chaos? Or should I say who?
Financial markets were jittery already. But then Credit Suisse’s credit default swaps started to blow out, signalling a rising probability of default. It’s all so…
We think of currency crises as being related to pegged exchange rates, emerging markets and foreign currency-denominated debt – things that don’t apply to the…
According to an economic theory called the Unholy Trinity, governments can only ever have two of the following three things: pegged exchange rates, independent monetary…
The bad news is becoming an all-encompassing blur. The new government’s budget is copping the blame for absolute carnage in the financial markets. We’ve hit…
Yesterday we looked at why the government’s policies won’t resolve the energy and inflation crisis. Well, they could, but only by creating bigger problems elsewhere.…
We discuss the Everything Bubble, and how to invest in an age of high prices across the board. Investing is, after all, a game of alternatives. You have to keep your savings somewhere.
What are stock dividends? Companies exist to generate cash for their owners. That’s their purpose, from the investor’s point of view. Small-business owners understand this.…