The City

Why the origins of Covid still matter to your portfolio, whether you like it or not

I’m sure you’re sick of hearing about Covid. Indeed, you may be hoping that the crisis is behind us. Especially for investors. We’ve got other…

Is financial repression in a time of populism even possible?

I recently interviewed Degussa chief economist Thorsten Polleit about inflation. One of his predictions was for persistently high, but not necessarily out of control, inflation.…

Central banks are losing control and politicians will pay the price

Well, I got a bit animated in the video below… but for good reason! The UK’s central bankers are waxing lyrical about “the remit is…

The price of failure is measured in interest rates

Each time interest rates begin an upcycle, investors must ask themselves two questions. Who can least afford the higher interest rates, and when exactly do…

The Merchants of Menace and the potential debt disaster

What happens when interest rates are kept too low for too long? It might sound like an academic question. But when the correct answer is…

Summer in the City of London, despite Brexit

Just before Christmas in 2020, my German uncle sent me the usual Christmas message. But he added something intriguing. He wrote in German that, “The…

Life will go back to normal once we get vaccinated, right?

Before we begin with an analysis of whether vaccines succeeded in returning the world to normal, or delayed it, let me congratulate you on your…

The tide is turning on the stock market’s skinny dippers

My grandfather was a champion lawn-bowler for a very simple reason – his ability to conduct psychological warfare on his opponents. This began with his…

Whither the great British pound?

Since we first launched Fortune & Freedom, Nigel Farage has been keen to talk currencies. Shifting exchange rates are a great way for investors to…

I’m from the government and I’m here to stop inflation

Don’t worry too much about this latest inflationary bout. The government is on the case! And it’ll soon prove transitory moderate. Every now and then,…

Burn the banknotes to keep warm

Can central bankers print HGV licences? Can they launch container ships made of paper money? Could we burn banknotes in lieu of gas to keep…

Inflationgate exposed

My pandemic rants are over, for now. But it’s not just on Covid-19 that the narratives are suddenly changing. It’s also on inflation. And, just…

Conspiracy theorists score hat-trick

Thanks for your flood of feedback on my rant about changing pandemic narratives. As a comment I saw somewhere on social media put it, “The…

The mainstream media is turning on its masters

Well, I didn’t expect this. The world’s mainstream media has turned on its masters before the population did. Journalists are now openly questioning, investigating and…

A pandemic of covidiots, lockdown-loonies, maskholes and civil servants

Welcome to another year of “two weeks to flatten the curve”. At this point, what is more frayed – your nerves or their narratives? The…

Do central bankers rule the world, or serve their masters?

Governments are now so overindebted that they rely on their central banks to finance them. But who is in charge of that relationship? On the…

Nigel Farage’s confession session

Her Majesty’s government is looking wobbly. But just wait till you hear what’s going on behind the scenes. It’s enough to make Nigel Farage feel…

The age of experts… disagreeing with each other

They didn’t see it coming. They didn’t know how long it’d last. They apologised for it without changing their policies. And now, the experts can’t…

Transitory inflation is the circular reference of monetary policy

The most dreaded moment of all Microsoft Excel spreadsheet efforts is a popup error box warning of the feared “circular reference”. You can’t go on…

Taper Tantrum Two?

We’ve been here before, of course. After the financial crisis of 2008, central bankers were faced with the task of unwinding their vast monetary policy…