The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold; with all currency issuance is to one degree or another regulated by the gold supply.In modern mainstream economic thought, a gold standard is considered undesirable because it is associated with the collapse of...
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If it were a movie it would be dismissed as pure fantasy. A teetering third world dictatorship sets off a nuclear bomb and threatens the world. Could it really be more unimaginable? Well the unimaginable has happened, and worse still the superpowers of the world are helpless and divided over what to do. A...
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As a ‘non wealth creating’ asset, houses are certainly making many in the UK think otherwise. British householders enjoyed yet more news of house price increases from the Department of Communities & Local Government (DCLG) stating that prices rose 1.6 percent in August. The annual rate of house price inflation is up from 6%...
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British Airways up to dirty tricks again Two senior directors from British Airways have quit the company whilst it is in the midst of an investigation into price-fixing. Commercial Director Martin George and Communications chief Iain Burns were put on leave of absence in June after a probe was begun by the UK office...
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So called ‘superwoman’ Nicola Horlick, is rumoured to be planning a $1.8 billion floatation of her Bramdean Asset Management group, which was set up only last year. Horlick, was branded ‘superwoman’ by the scurrilous tabloids that promote ‘tat’ on a daily basis to mainly illiterate hoards in the UK. Whilst denigrating council estate mothers...
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Hedge funds are rapidly becoming the Emperors New Clothes. Whilst the mythology and superstitions of the financial markets continues to believe that Hedge funds are the ‘best of the best’ figures show that funds are now extremely exposed and gains lower than ever. With the risk/reward ratios getting worse fewer funds are able to...
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