Hello. I’m Burnham Banks and I studied economics in the late 80s and early 90s. I’m still studying economics today and am still no wiser. This blog is a journal, a record of my thoughts and experiences. If we are destined to repeat our mistakes, we should at least repeat them faithfully. If not, then perhaps the past is a mischievous guide and we should try something new.
Positive Convexity
Wednesday, 25 March 2009 | 6:07 am
I remember reading an article about how only hedge funds that exhibited some form of positive convexity, regardless of strategy, survived over the long run.
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China? Buy it!
Tuesday, 24 March 2009 | 3:05 pm
Up until last week most investors were arguing that China could not save the world. And we agree. China is just not big enough to drag the world out of the mire by itself. But it can save itself. Here are some of the positive developments:
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Australia – nothing like as bad as one would infer from the media and market performance
Sunday, 22 March 2009 | 6:34 am
A lot of global investors are assuming that as an Anglo-Saxon economy, Australia cannot avoid the travails of its peers in the Northern Hemisphere. We disagree. Here are the reasons.
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Nobody buys the idea that China will save the world
Thursday, 19 March 2009 | 4:36 pm
Nobody buys the idea that China will save the world. Rightly. China is just not big enough to drag the world out of the mire. Of course China is a major player in certain areas of the global economy e.g. commodities (it accounted for around one-quarter of global copper consumption last year, for example), but if the
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Asia to rally
Friday, 13 March 2009 | 9:59 am
We never used to use the ANR function on Bloomberg – it always seemed a bit pointless tracking analysts’ recommendations and target prices which for the most part followed share prices with a six month lag – but we have now become converts.
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