Valbury Capital Really Should Go Bust Here – Allowing a £3.8 Billion Futures Position?

4
This is a fun little story. Bloke decides he's going to trade futures as an individual investor - a dumb decision to start with....

The Problem With Modern Monetary Theory – Explained For Children So MMT Enthusiasts Can...

13
This is a rather good explainer for children about what happens if a country decides it can get richer just by printing a lot...

There’s An Obvious Answer To Fractional Reserve Banking – It’s A Useful Fraud

3
It's entirely true that fractional reserve banking is a fraud, a Ponzi, it's simply outrageous how credit, or wide money, is created. Murray Rothbard...

Turkey’s Proof That Speculation Is A Zero Sum Game

5
A useful little proof from the current Turkish shenannigans that speculation, as speculation itself, is a zero sum game. Whatever is made by one...

Chickens coming home to roost?

1
Well, well, well. Scaremongering and doomists have been predicting the end of Britain once we Brits leave the European Union—and a double dose of...

Unicorns and Nightmares

0
Let it not be said we’re asleep on the job here in our dismal pit. No wide awake are we. Hence, immediately a quill...

It Was Always Trivially Obvious That The Brexit Financial Services Deal Would Be Done

2
Glory Be, we are saved, Britain's financial services industry won't be cut off from the European markets. All of which is akin to that...

Well, Yes, Obviously Mr. Dalio – The Fed Raising Interest Rates Should Impact Asset...

1
This is not the most remarkable observation of all time by Ray Dalio, that the Federal Reserve interest rate rises are reducing asset prices....

Laurence Kotlikoff On What Really Produced The Recession And Crash – No, Not Bad...

1
It's not necessary to entirely agree with this analysis to grasp and agree with the underlying point being made. It was the structure of...

A Tad Stalinist – John McDonnell Insists Ex-Lehman Staff Can’t Have An Anniversary Party

1
We've always known that John McDonnell has more than a touch of the authoritarian about him. But this is merging into a full blown...