Nickolai Hubble

Goldilocks is dead. Long live the three bears.

When the economy is humming along just fine, in what they call a “Goldilocks economy” (i.e. not too hot, not too cold but just right),…

Welcome to the Crack-up Boom

The Crack-up Boom was originally known as “Katastrophenhausse” in German. That literally means “catastrophe-boom”. It’s a false surge in economic activity driven by people’s desperate…

“Fat tails” versus the BBC

Almost one year ago, I warned you about extreme events known as “fat tails”. And not just in financial markets. Today I want to renew…

How to invest for stagflation

They say that admitting you have a problem is the first step to recovery. But they don’t tell you how many more steps are left……

The recession I ticked off in April is here

We’ve been warning of a recession in Fortune & Freedom for just under a year now. “And then came the recession,” I wrote to you…

The inflation crisis isn’t over. But it is changing…

Why did nobody see inflation coming? That’s what the media is pondering today. Just as they did about the 2008 financial crisis, and every other…

The inflation crisis isn’t over. But it is changing…

Why did nobody see inflation coming? That’s what the media is pondering today. Just as they did about the 2008 financial crisis, and every other significant economic development before that.

How does inflation affect house prices?

We’ve seen inflation spike. And the Bank of England is expecting plenty more inflation to come – over 13% this year! And yet, house prices…

Is the UK in a recession in 2022?

Economies don’t grow in straight lines. We have a business cycle of booms and busts. People used to refer to the busts as panics, until…

So many crises they’re on a collision course

There’s a lot going wrong in the world today. The list of crises is getting mighty long. Financial debacles, geopolitical standoffs, economic confusion, monetary madness,…

The beginning of the end for Ukraine?

Winter is coming and Europe is short on gas. How much longer will people put up with Russian sanctions? Nigel Farage and I suspect not long, given a subtle change we’ve detected in the news…

The beginning of the end for Ukraine?

Winter is coming and Europe is short on gas. How much longer will people put up with Russian sanctions? Nigel Farage and I suspect not…

You took the wrong pill. Prepare to be a machine’s battery.

It’s right out of the film The Matrix, if you ask me. Using everyday people as the battery pack for the economy is a bit…

Prepare for the Powell Putin Pivot

The recent rally in the stock market was triggered by a perceived pivot in monetary policy. While I’m not so sure central bankers have actually…

The Bank of England jumps off both sides of the tightrope at once

You could say we’re critical of the Bank of England here at Fortune & Freedom. Nigel Farage certainly didn’t pull any punches in our recent…

How much of our economy is a cost, not a benefit?

How much of our economy is actually just an unnecessary inconvenience? How much of our GDP is a measure of economic activity that actually holds…

The Merchants of Monetary Menace, Act 2: The Recession

For the past six months, they’ve given us a spiel about inflation. But that was only Act 1 of the Merchants of Monetary Menace. And…

The Merchants of Monetary Menace, Act 2: The Recession

For the past six months, they’ve given us a spiel about inflation. But that was only Act 1 of the Merchants of Monetary Menace. And now it’s time for Act 2, with the same theatrics over the coming recession.

This is a crisis of underinvestment, say you

My article “When soaring profits are a bad sign for stocks” triggered plenty of reader mail. I asked whether underinvestment in the future was leading…

Have your say about inflation, stagflation and underinvestment

The reader mailbox is overflowing with some cracking commentary from… none other than yourselves. There were emails about inflation, discussion of stagflation, commentary on a…