The stagflation myth
Describing evolving inflationary conditions as stagflation misses the point about today’s inflationary conditions. Stagflation was origina...
Goldmoney Insights
The Great Game moves on
Following America’s withdrawal from Afghanistan, her focus has switched to the Pacific with the establishment of a joint Australian and UK...
Eurozone finances have deteriorated
Despite negative interest rates and money printing by the European Central Bank, which conveniently allowed all Eurozone member governments...
The dollar’s debt trap
On the fiftieth anniversary of the Nixon Shock, this article explains why fiat currencies have become joined at the hip to financial asset v...
The problem with climate change politics
Climate change bears all the hallmarks of a state-sponsored crisis, useful to shift attention from other political failures. But the absence...
2020—2022 versus 1929—1932
Current levels of equity markets are not only divorced from their underlying economic and business realities but are repeating the madness o...
Banking faces seismic changes
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lendi...
Inflation, asset and consumer prices
“The Fed finds itself between a rock and a hard place: either it keeps inflating or the whole confidence-based valuation of financial asse...
Too much liquidity
Yesterday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary co...
Suffering a sea-change
There is an established theoretical relationship between bonds and equities which provides a framework for the future performance of financi...