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We should ditch GDP as a measure of economic activity

October 10th, 2018 (0)
  This article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an increase in GDP as economic growth owes its meagre validity to imprecise definition. An ...

Will Britain ever manage to leave “Hotel California”?

October 1st, 2018 (0)
ast thing I remember, I was Running for the door I had to find the passage back to the place where I was before “Relax” said the night man, “We are programmed to receive. You can check out any ...

Currency Woes

August 17th, 2018 (0)
  This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of ...

End Of Credit Cycle Dynamics

August 15th, 2018 (0)
  While there is no starting-pistol that tells us the final phase of the credit cycle leading into the next credit crisis has actually begun, nearly all the signs point to it being the case for the US economy. ...

Intercontinental Exchange plans to launch a bitcoin exchange

August 6th, 2018 (0)
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges, clearing houses, data and listings services, announced that it plans to form a new company, Bakkt, which intends to leverage Microsoft cloud solutions to create an open and regulated, global ...

IOSCO issues recommendations to help trading venues manage extreme volatility

August 6th, 2018 (0)
The International Organization of Securities Commissions (IOSCO), the leading international policy forum for securities regulators that is recognized as the global standard setter for securities regulation, has issued an announcement to inform for the publishing of eight recommendations to ...

Macroeconomics Has Lost Its Way

August 3rd, 2018 (0)
  The father of modern macroeconomics was Keynes. Before Keynes there were macro considerations, which were firmly grounded in human action, the personal preferences and choices exercised by individuals in the context of their own earnings and profits. In ...

Valuing Gold In A World Awash With Dollars

July 27th, 2018 (0)
Summary In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. That is going to happen anyway, triggered by the Fed ...

State or Individual?

July 20th, 2018 (0)
  The most important question faced by the human race is almost never addressed in modern times: which should be the master, the state over the individual or the individual over the state? It is particularly relevant today, bearing ...

Irrational Beliefs Are Ruling Markets

July 4th, 2018 (0)
  To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of the dollar on the next credit crisis, a subject of increasing topicality. It concludes ...
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