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The end of easy money

The end of easy money

2017 has been a wonderful year for major emerging markets, thanks to a 7% fall in the US Dollar Index, no hard landing in China, the end of recessions in Brazil and Russia, falls in inflation that enabled central bank easing and stimulated domestic demand, even a...
Forecasts by George Costanza

Forecasts by George Costanza

In the 86th episode of Seinfield, George, egged on by Jerry and fed up with his lack of romantic and professional success, decides that to succeed he must from now on do ‘the opposite’. It is a triumph, immediately bringing him both a beautiful girlfriend...
The bloodbath in bitcoin has only just begun

The bloodbath in bitcoin has only just begun

Jamie Dimon, the unanointed king of Wall Street and chief executive of New York banking colossus JP Morgan did not mince his words. He called bitcoin “a fraud”, a speculative bubble comparable to the Dutch tulip mania of the 17th century and declared he would fire any...
The anatomy of a British pound collapse

The anatomy of a British pound collapse

It took a North Korean ballistic missile launch and Hurricane Harvey’s devastation of the $500 billion Houston/Galveston/Corpus Christi economy to push sterling higher to 1.2950 against the US dollar. While the British pound is the most undervalued G-10 currency on...