I started a talk from Jeff Booth on AI, I couldn’t keep watching, there were too many demonstrably false assumptions and things that are philosophically untrue for me to keep watching what he was saying. Here are a few based on the following video:
There are many arguments for and against a fiat standard vs a gold standard. The necessity of monetary expansion to support the large post-war baby-boomer generation is a strong argument in favor of the former. Though, others argue that we might not have had a great depression and WWII if we had not strayed from…Read More
Experts and investors as renowned as Ray Dalio have talked about the rise of China and its inevitable overtaking of the US in terms of GDP, power and as the world’s reserve currency. For some time this view had been the accepted consensus, however recently this has started to shift and it’s looking likely that…Read More
While the above chart shows they’re not completely correlated, you can see that the larger moves in USDMXN spike along with the VIX, and then slowly bleed down as volatility dissipates. This is in contrast to other currency pairs which might trend for longer based on medium-term macroeconomic fundamentals. It could arguably be called a…Read More
With the post-Covid price shocks, we may be starting to see that secular disinflation has started to turn and entering at least a cyclical inflationary period and maybe a secular one. One of the more prominent macro analysts to change their view, Russel Napier, thinks that the result of inflation with a larger debt load…Read More
The Henley Global Citizens Report recently published high networth capital flight for 2022. Look at the list people are leaving the authoritarian states of Russia and China. Adjusting for population, Hong Kong is a stand out largely due to its harsh Covid policies and the recent implementation of its oppressive securities law. Country Per Capita…Read More
The financial coach Dave Ramsey has helped numerous individuals improve their finances and get out of debt. However, in a recent rant, Dave Ramsey said that housing is not going to go down because of “supply and demand”, showing that even individuals well versed in finance can miss the macroeconomic environment and say things that…Read More
In response to the pandemic in 2020, central banks around the world added large amounts of liquidity to the financial system in an attempt to soften the economic fall out of lockdowns and a slower economy. Additional credit at a time when the supply of goods and services was constrained led to high inflation and…Read More
For some time now Westpac has considered selling its New Zealand banking operations on the heals of the Reserve Bank of New Zealand requiring banks to separate local banking operations and capital from international ones. A prime take over candidate could be HSBC. While “the world’s local bank” is no longer expanding internationally at the…Read More
There is no doubt that commodity prices and overall inflation have soared since the Coronavirus lockdowns in 2020. A combination of base effects, quantitative easing, an exodus from cities and supply chain disruptions have lead to massive year on year changes in CPI. The included image is an overlay of CPI from 2001 to 2014…Read More