Oil May Derail Russian Stocks (Again)
Back in 2014, and mostly due to the slump in oil prices, Russia fell into a downward spiral that saw…
8 years ago
Economics & Markets
An Inconvenient Truth for Liberals: Vote Donald, Get Peace
Letter to my American friends. The Donald will reach an accommodation with Russia. The alternative could be too awful to…
8 years ago
Mellon on the Markets
The first month anniversary of Brexit was marked by an all-day debate in London hosted by the BBC and the…
8 years ago
Alice in Wonderland Economics Gets Even Crazier
Get ready for a world of negative interest rates and helicopter money. The lunatics have taken over the asylum. In…
8 years ago
Turkexit Is Now a Reality
If I were President Erdogan, I wouldn’t congratulate myself too precipitously upon the failed coup attempt. While his government survived…
8 years ago
Mr Carney Upsets the Markets (Again!)
July 15. St. Swithin’s Day[i]. An ancient British folk-tale holds that if it rains today, that will set the weather…
8 years ago
The Death of Bonds
As seen in the latest issue of Master Investor Magazine “The Federal Reserve Bank buys government bonds without one penny…”…
8 years ago
Why is the Australian economy in better shape than many other nations?
The last two weeks have been tough mostly because of the Brexit outcome, as it created volatility where peace was…
8 years ago
Better ‘Hedgit’ than ‘Losit’ on Brexit
"What we should grasp, however, from the lessons of European history is that, first, there is nothing necessarily benevolent about…
8 years ago
When Clouds Part
About 20 years ago, I was descending a Monro (mountain) in Scotland – Beinn Bheigeir on Islay, to be precise…
8 years ago