The dollar is central to the next crisis
Introduction and summary It is now possible to pencil in how the next credit crisis is likely to develop. At its centre is an overvalued do...
Goldmoney Insights
Cryptos may destabilise fiat
The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out o...
America’s stagflation
The accumulation of monetary policy errors by the Fed is increasingly certain to culminate in the credit crisis that always marks the end of...
The productivity myth
Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit ang...
Oil for gold – the real story
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there ha...
The forthcoming global crisis
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is alway...
See no evil, speak no evil…
The Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues o...
Gold – crossing the Rubicon
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it coul...
The fiscal benefits of free trade
Western governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally man...
How can the Fed possibly unwind QE?
There are currently two important items on the Fed’s wish list. The first is to restore interest rates to more normal levels, and the seco...