Economics
How the Crisis Unfolds
Economically speaking, we are in a pickle. The blame-game is in full flow in its search for scapegoats. The most obvious culprit is, of course, the Covid virus, but it would be a huge mistake [more…]
Bank of England
Business
Facing Economic Reality: Painful but Avoidable
“When the tide goes out you discover who’s been swimming naked”. Thus spake the sage of Omaha, Warren Buffet. When government ministers are floundering, manifestly out of their depth, you know, despite all official protestations, [more…]
Economics
The Risk Factor: Time for an Honest Assessment
As the spread of Covid begins to wane we should consider afresh whether, for example, a shopkeeper who travels to work to open his business is in fact acting irresponsibly. This comes, as ever, down [more…]
Economics
Savings must come first – cash is a mere diversion, part two
I am writing this in South Africa, where its currency, the rand, provides a useful illustration of the effects of monetary inflation described in Part 1. When I was last here, three years ago, the [more…]
Economics
Savings must come first – cash is a mere diversion
I am typing this in the SAA Business Lounge of Durban airport, awaiting a call to board a flight to Johannesburg, where we are due to take the last flight to London before all international [more…]
Conservatives
“The seeds have been sown for unrest in 2020 in Europe”
Interview with Godfrey Bloom The latest election in the UK promised to bring about a long-overdue end to the Brexit story. Getting out the EU has been a long and winding road for Britain and [more…]
Economics
Andrew Bailey, a WWI General for a WWII Battle
We must be cautious how we welcome Andrew Bailey, Mark Carney was certainly the worst governor in post war history so CoCo the clown would look good initially. He has to date been what a [more…]
Economics
Counterfeiting Money Is a Crime, Whether by the Fed or A Private Individual
A few years ago, shortly after the 2008 subprime lending disaster, the Fed sent a public relations team around the country to conduct supposedly “educational sessions” about how the Fed works and the wonderful things [more…]