Alasdair Macleod

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
us-election-2016

Codes of behaviour

06/11/2016(0)
Observing America’s presidential election from afar has been a curious experience for foreigners. The next President will be the de facto ruler of the advanced nations, unelected by them, ... Read More
gold_dollar_market

Fiat money and gold

21/10/2016(0)
It is time to revisit the Fiat Money Quantity (FMQ), which totals US dollar money deposited in the banking system, the commercial banks’ money on deposit at the Fed ... Read More
currencies

How not to manage a currency

15/10/2016(0)
Make no mistake, sterling’s collapse is a very serious development, and has serious consequences for sterling interest rates. While it is becoming apparent that interest rates are going to ... Read More
trade

Trade deals – a global issue

07/10/2016(0)
The annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising, because Mrs May is being ... Read More
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