Trump Wins Election. What Would You Do?
Friday, 11 November 2016 | 4:57 am
What would you do? Russia: · Christmas came early. Cosy up to Donald. · Help the US out of NATO. · Help Turkey out of NATO. · Test the resolve of NATO by threatening Estonia, Latvia, Lithuania. · Help the US out of trade pacts. · Seems sympathetic to Russian strategy in Middle East. China:
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Global Debt Levels, Central Bank Policy, Implications for Interest Rates and Bonds. Nov 2016
Tuesday, 01 November 2016 | 7:44 am
We have had central banks telegraph their intentions to us for years now, and mostly those signals have been dovish. Recently, however, there has been a backup in bond yields and some uncertainty around what central banks want and what they can achieve. Is the current correction in bonds similar to the taper tantrum of
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A Challenging Economic and Financial Landscape For Investments 2016 / 2017
Tuesday, 11 October 2016 | 12:09 am
10 minutes into the future… Growth remains positive but slow, equities are expensive, credit spreads are tight, and interest rates are low. High quality assets are even more expensive leaving only lower quality, less liquid, more esoteric or clearly troubled assets with any value. A significant contributor to the current state of affairs is central
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Time and technology blunt the memory of the cost of war
Monday, 03 October 2016 | 7:54 am
As the memory of war fades and technology allows us to fight wars from long distances we become distanced by time and space. The more time passes and when wars are fought in faraway places and fought with detachment the more likely we are to engage in it.
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Failure of Capitalism. Inequality, Slow Growth, Central Banks, Conflict.
Monday, 03 October 2016 | 7:34 am
Capitalism leads to inequality of wealth. Capitalism is based on competition. Capitalism incentivises competition and the maximization of inequality at the micro and macro levels. To maximize profits companies have to maximize revenues and minimize costs. Minimizing costs implies indirectly minimizing payments to resources, labour included. Labour’s share of GDP has shrunk consistently for at
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