“Rates down, good for bonds, rates up, bad for bonds. Excellent! Rates down – let’s trade!” That was the extent of Andy’s analysis, and I took this as the signal to hit the phones and start stuffing bonds into my investors’ portfolios in Scandinavia, Kuwait, Benelux, etc. I kid you not, this incident took place […]
F. A. Hayek would have been 114 years old on May, the 8th. There were a number of great posts in the blog sphere to the day to celebrate his birthday, but we should remember his contribution daily to carry his intellectual agenda forward. Today, I celebrate Hayek’s lasting legacy by quoting from “Fatal conceit: […]
I have collected a list of some of Margaret Thatcher’s most memorable quotes for posterity. You may find them irritating, inspirational, or even funny; but they will not leave you without an opinion of her. One of my favourites is: If my critics saw me walking over the Thames they would say it was because […]
The video features Professor Peter J. Boettke talking about his new book “Living Economics: yesterday, today, and tomorrow.” Peter’s book is an inspirational read. It counters the excessive simulations of modern academic economics. The book places economics back where it belongs; into the hands of all of us regardless what we do for living, or […]
I have added a daily e-paper to supplement the blog. You can access the daily edition “Uncertainty and Ambiguity” through Paper.li. The daily paper incorporates news feeds from leading libertarian policy think tanks in the UK and USA. You can access “Uncertainty and Ambiguity from the link below: Uncertainty and Ambiguity
Reblogged from Fortune Finance: Hedge Funds, Markets, Mergers & Acquisitions, Private Equity, Venture Capital, Wall Street, Washington: Despite an eleventh-hour deal, the fallout from the Cypriot crisis is far from over. FORTUNE — The banking crisis in Cyprus is far from resolved and will almost certainly morph into a far more serious sovereign debt crisis in […]
The Chancellor of Exchequer announced his budget at the Parliament today. The press and politicians are talking about public debt and the deficit. If you are not sure what the difference between them is, you are not alone. In fact, even the Prime Minister got this wrong when he announced that the country was paying down […]
I have been reticent to write about the culture of negativity, envy, and anti-elitism that seems to have gripped the British society and the public sentiment. I was concerned that perhaps it was just me who had become disillusioned with the long-term prospects of this once a great country. It was Allister Heath’s column in […]
Europe keeps digging its economic and competitive grave, deeper and deeper, with the introduction of yet another anti-business law. The political commissars in Brussels passed a law on Wednesday that will restrict bankers’ bonuses to the equivalent of their annual salary, or twice the annual salary with shareholder approval. The British mounted a spirited fight […]
Reblogged from Fortune Finance: Hedge Funds, Markets, Mergers & Acquisitions, Private Equity, Venture Capital, Wall Street, Washington: A U.S. manufacturing executive ignited a firestorm after calling the French economy uncompetitive due to its unproductive labor force. He has a point. FORTUNE — The explosive reaction in France to a letter penned by a little-known U.S. […]
A new theory that overextended UK householders are holding back recovery is gaining traction among economists. Although the overall aggregate net worth of UK households is healthy and rising, the level of indebtedness at the bottom of the income distribution is worrying. The bottom quintile of households formed the greatest proportion of borrowers that were […]
I am very proud and honoured to be associated with Adam Smith Institute. It is wonderful to see that unwavering dedication and sheer hard work pays off. I would especially like to extend my best wishes and congratulations to the team: Sam Bowman, Sally Yarrow, and Pete Spence – you guys are amazing. Today, the […]
The Wall Street Journal reported on January 16th that German Bundesbank would repatriate some of its gold reserves from France and the U.S. According to WSJ, German officials have bowed to pressure both from Berlin and from a grass-roots campaign by the populist press, which played on fears that the euro crisis poses a risk […]
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