The City

And then came the recession

I’m getting worried the global economic recovery from the pandemic is about to go very sour. And with it, asset prices. In fact, a recession…

The US dollar is heading for the graveyard of currencies

Did you miss Friday’s Southbank Live event about the death of the petrodollar? You can watch the recorded version here. And, in keeping with what…

Are you addicted to QE?

Is the Bank of England addicted to QE? Or did the pot call the kettle black? The UK’s exports to the EU have surged well…

Misunderestimating risk

I’d like to ask you something: What is risk? That sounds like a stupid question, I know. But consider this. Your definition of the word…

Is the pandemic over?

Freedom Day has come and gone. But Covid-19 cases plunged instead of surging as predicted. Is the pandemic over? Have we reached the magic threshold?…

The lucrative law of unintended consequences

It’s a belief that I’ve adopted slowly, over time, after being overwhelmed with evidence. So I don’t mind if you disagree. You’ll learn. The only…

When Hayek went Down Under and grabbed Inflation by the balls

One year ago, I predicted inflation would surge. That an inflation surge would be engineered by our central bankers, I should say. Today, the idea…

There will never be a true Freedom Day

They called it Freedom Day. But I didn’t notice any difference. This is perhaps because I don’t go nightclubbing. Or because I’m stuck in Japan……

Gold versus bitcoin? It depends what for…

While doing your gardening, would you rather discover a stash of Japanese war gold, or a hard drive with bitcoin on it? I do realise…

The Great Escape from government money itself is now on

What if our surging inflation rate is a deliberate government policy to devalue our money? With ridiculously low interest rates to add insult to injury?…