Today’s Harmful Idiot Is Frances Coppolla

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It may well be that you don't like what a market price tells you. That doesn't mean that you can - no, not should...

Bank Loans Do Not Work This Way In Inventing Money

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We have yet another attempt to tell us that banks just invent money and there's no limit: Instead what the bank does is a conjuring...

Shutting Stock Markets Is Damned Idiocy

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Investors are panicking. The markets are in freefall. Companies are on the brink of collapse, and stock indices are flying in every possible direction....

The Value Of Short Selling – NMC Health

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There's a view that short selling of shares should not be allowed. It's merely speculation you know, does nothing productive to boost the economy....

The Progressive Arrogance

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So, credit scores are the next thing which must be regulated - that is, directed and planned by politics. Neatly allowing us to see...

WorldMarkets Continues With Artificial Intelligence and Machine Learning Trading Success

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Today we live in the information age, and access to information is unlimited. And that produces the paradox of misinformation. That’s why it’s more...

The Finnish Experience – Happiness Is Financial Illiteracy

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We're told that Finland is financially illiterate, so much so that the central bank is desperately trying to teach people how to count their...

Beware Of Business Fashions

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Goldman Sachs And Boards Of Old, White, Straight, Men Women belong in the boardroom - maybe Goldman Sachs has announced that is the board of directors...

Beware Open Ended Funds With An Illiquid Underlying

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A classic liquidity mismatch We should all know that there's an inherent problem with fractional reserve banking, after all, it was explained back in It's...

De La Rue – A Fine Example Of Kitchen Sinking

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A kitchen sink is, well, it's that sink in the kitchen we use to clean up the plates and cutlery in. It's also where...