Nickolai Hubble

Project Fear, Brexit-in-name-only and re-join lose in extra-time

While England was busy going football mad, our Chancellor (Rishi Sunak, not Angela Merkel) made an incredibly important speech. It signalled a sea-change in British…

Paper gains are only potential profits

Every day of our pre-lockdown world I would exit London Bridge station and walk past Guy’s Hospital in Southwark on my way to the Southbank…

Uncharted waters in debt, inflation and demographics

Even central bankers are worried about the housing bubble this time. Meanwhile the market pundits who warned us about a crash in 2007 are calling…

The many guises of inflation

Today’s Fortune & Freedom digs deeper into our long-running topic of inflation. Yesterday we distinguished between asset price inflation, focusing on house prices, and consumer…

Do you remember what comes after a housing bubble bursts?

It didn’t take long for the world to forget the price of the housing bubble of 2007. Nor the lessons we were taught by what…

House prices boom, Nissan votes for Brexit, and a brewing government scandal

House prices around the world are surging out of control. Will there be another crisis when they bust? Britain has a new health secretary. What…

House prices boom, Nissan votes for Brexit, and a brewing government scandal

House prices around the world are surging out of control. Will there be another crisis when they bust? Britain has a new health secretary. What does that mean for lockdowns and Covid?

The incentives that govern the UK after Brexit and Covid-19

I expected to write this article about Brexit’s risky implications. But it’s become about Covid-19 instead. Still, the underlying topic is the same: how will…

At what point does the Delta variant trigger a financial crisis?

Do you remember January 2020, when we began to hear rumours of a virus in Wuhan, China? A key question facing investors back then was…

Central banks are addicted to QE

Central banks and governments have successfully papered over the economic and financial consequences of the pandemic surprisingly well. That is as far as the aggregate…

A problem well stated is still only half solved

Last Tuesday we dug into what was behind gold’s surprise plunge the week before. I explained what the gold and bond market may have been…

Why you should expect another financial crisis

For 40 years, interest rates have gradually been falling. But it wasn’t a smooth ride. Each time rates went up, there was some sort of…

Why you should expect another financial crisis

For 40 years, interest rates have gradually been falling. But it wasn’t a smooth ride. Each time rates went up, there was some sort of crisis.

How to profit from the beer index

What if investing, freedom and beer were inseparable? If beer could tell you where to put your money for the best possible returns? Well, my…

What just happened to the gold price?

The gold price plunged over 7% in short order from 11 June as the prospect of interest rate hikes in the United States that are…

Australia, wages and inflation

There was no doubt about our topic for this Week in Review. While the G7 dithered and dallied, the UK trade deal with Australia was settled. Adonis told us it’d be impossible. Clegg said it couldn’t be done. Nigel argued it’d be a matter of course.

Australia, wages and inflation

There was no doubt about our topic for this Week in Review. While the G7 dithered and dallied, the UK trade deal with Australia was…

Green gold?

For the past few weeks, I’ve been giving the environmental movement a hard time. Not over the science, nor the motivations behind the green machine,…

Green gold?

Going green can be a bottom-up order instead of a top-down order, meaning that it reflects the decisions and preferences of each of us as individuals instead of the schemes of a few politicians and lobbyists. And that change is happening in the gold industry right now.

Keynes vs Hayek on climate change

Which famous economist has it right on climate change? J.M. Keynes or F.A. Hayek? Should the world’s governments interfere in our lives to try and…