Crescat produces a first class monthly newsletter this month it identifies the following macro trends:
There are comments.
In this article, Patrick McKenzie explains how bank liabilities come to function as money. The old idea about money as liabilities of a central bank, or a government treasury, is outdated. Many commentators point out that banks create enormously more money …
read moreThere are comments.
When I was at school, polytechnics were increasing their intake. Our headmaster, who had been an undergraduate at Oxford, encouraged us to think about applying to polytechnics. When a friend of mine, who was on track for getting a good set of results at …
read moreThere are comments.
Longtermtrends is a great resource. It comes out with a monthly newsletter. This relatively low frequency washes out most of the noise which is characteristic of so many market price measures.
The current edition has some measures of where the stock …
read moreThere are comments.
A post called Monetary and fiscal policy in interwar Britain is a post which suggests that the root cause of the 20’s/30’s depression in the UK (known at the time …
read moreThere are comments.
China is imploding, because President Xi has made terrible decisions about how to handle Covid-19, and cannot lose face by following the example of the rest of the world. This will crater demand from China, which had driven down more or less every last commodity …
read moreThere are comments.
Rates are going to continue rising. Stron jobs report confirms this. Crypto may have some spillover effects, but doesn’t seem to be likely to cause contagion. Business seems very negative, but pro
There are comments.
read moreA look at today’s stock market is enough to understand the main concern for oil markets right now, recession. Whilst most assessments expected recession to kick in later this year, its first signs are already emerging with European economies potentially entering …
There are comments.