Western socialism and Eastern capitalism
There has been a significant shift in geopolitics in recent months, with the US consciously deciding to withdraw from Asian conflicts, notab...
Goldmoney Insights
The end of the bank credit cycle
The economic consequences of cyclical expansion and contraction of bank credit are the reason for booms and slumps dating back certainly to...
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...
Technical analysis and market psychology
This article examines the relevance of technical analysis to today’s financial markets. Its genesis springs from two branches, Dow theory...
The Geopolitics of Gold
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies a...
The end of the LBMA is nigh
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on...
The coming oil shortage – Part II
The oil price crash on the back of the COVID-19 lockdowns has accelerated the coming supply crunch. Both national and international oil comp...
Why interest rate management fails
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist th...
The coming oil shortage – Part I
The oil price crash on the back of the COVID-19 lockdowns has accelerated the coming supply crunch. Both national and international oil comp...
Say’s law and the destruction of savings
This article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists tod...