Syrian crisis reveals essential system of global checks and balances
The last week has highlighted the enormous cultural differences between the US and the UK. After the UK parliament voted against military action in Syria in retaliation for President Assad’s alleged...
View ArticleDo retail traders really stand a chance?
A few events over the last few weeks may have had retail traders scratching their heads and wondering if it is worth a small fish trading at all. Firstly, after last month’s FOMC decision the Fed...
View ArticleCan South Korea press the reset button on its economy?
Texans of Asia A Wall Street Journal reporter once described South Koreans as the “Texans of Asia.” The South Koreans have been justifiably proud of their economic accomplishments so far. They have...
View ArticleIs there any hope for Russia?
Crimea Russia’s recent annexation of Crimea has sent it’s under-performing economy and stock market into a tailspin. From the halcyon days of spring 2008, the Russian stock market has lost more than...
View ArticleIndia: The Great Election Hope Trick
Election fever The world’s largest democracy goes to the polls this month. The collective wisdom of 800 million people is likely to produce an outcome that could have huge implications for the global...
View ArticleMade in China? Think Twice
A quick pop quiz: Which of the following countries is the lowest cost manufacturer in Western Europe? Spain Germany United Kingdom If most of you answered Spain and some of you Germany, then its time...
View ArticleInvesting Beyond the Wall – Frontier Markets
Fear of the unknown In the popular book and television series Game of Thrones, the ‘Wall’ refers to a massive block of ice that separates the civilised world from the dangerous unknown. What lies...
View ArticleIs secular stagnation closer than anyone thinks?
Secular stagnation has been a hot topic in the news ever since Larry Summers mentioned the idea in a speech late last year. Since then the topic has sparked a war of sorts in academic circles. Some...
View ArticleWhen savers are the enemy of the economy
Monetary policy should not be confused with morality policy, but all too often it is. On both sides of the Atlantic, the media portray our low-interest-rate policy as a morality tale that punishes...
View ArticleCan we end the business cycle for good?
Monetary systems that allow for negative interest rates are nothing new. Over a century ago, Silvio Gesell, an economist Keynes admired, came up with the idea of money stamps – forced depreciation of...
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