Alasdair Macleod

wonderland

Malice in Wonderland

15/01/2017(0)
Malice in Wonderland Recently, I was quietly reading in my armchair, eyes closing and trying to stay awake, and the next moment I was falling down a rabbit hole. ... Read More
dollars

FMQ breaks $15 trillion

09/01/2017(0)
Since August 2014, bank reserves at the Fed have fallen by $646.6bn, while the sum of cash, checking accounts and deposits held by the public has risen by $1990bn. ... Read More
fascism

Drifting into fascism

30/12/2016(0)
Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their ... Read More
year-2017-image

Outlook for 2017

26/12/2016(0)
We exit 2016 on a tide of investor optimism. At long last, there will be a businessman in charge of the US economy in the form of a new ... Read More
donald-trump

Trump, Russia and China

19/12/2016(0)
Even before he takes office, President-elect Trump is turning the world upside down. It has become clear his attitude towards Russia and China is very different from that of ... Read More
europe-growth

Why Europe must end in tears

11/12/2016(0)
The latest consequence of economic mismanagement in Europe was the failed attempt at constitutional reform in Italy this week. The Italian people have had enough of their government’s economic ... Read More
gold_dollar_market

Credit cycles and gold

03/12/2016(0)
The Trump shock produced some unexpected market reactions, partly explained by investors buying into a risk-on argument,equities over bonds and buying dollars by selling other currencies and gold. This ... Read More
india-modi-election-stocks

The economic consequences of Mr Modi

26/11/2016(0)
Two weeks ago, India’s Prime Minister Narendra Modi demonetised an estimated 86% of rupees in circulation, offering conversion into a bank account or into smaller currency notes until 31 ... Read More
europe

The serfs have rebelled – Europe next?

19/11/2016(0)
Hayek’s The Road to Serfdom described how personal freedoms are progressively eroded by the state in the name of the common good. His warning is more associated with totalitarianism ... Read More
dollar

Perilous government finances

13/11/2016(0)
President-elect Trump stated in his victory speech that he intends to make America great again by infrastructure spending. Unfortunately, he is unlikely to have the room for manoeuvre to ... Read More