The World’s not Normal

Why Gold

Seems to be a lot of rhetoric about the demise of economies with Fiat (paper based) currencies – they should all be “Gold Based”. Statements are uttered to the effect that without a gold based currency we will head into a hyper inflationary environment just like Zimbabwe and the Weimer republic.  This isn’t to argue […]
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Minimum Wage

The dilemma with the minimum wage debate is not that it is too low – it’s that people require it too live.  It should be viewed more as a failure of the education system, there are plenty of jobs available for people with a bachelors degree of better – as represented by the unemployment rate […]
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What to do about QE Ending?

There has been a lot spoken about the end of quantitative easing, especially with the government having just performed a stick save so they can deficit spend some more.  The resultant can kicking exercise in Washington is becoming expectant. Why should we care about the end of QE?  Most markets have two variables that cause […]
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Healthcare Bad

Watched two pieces of great story telling on the weekend – Reservoir Dogs and the finale of Breaking Bad. Common theme “Pink got away” – Mr Pink gets away with the diamonds and Jesse Pinkman is finally free of his angst/torment. It’s a chessy analogy to compare this to the healthcare drama – but what […]
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Healthcare – my ears hurt…

Healthcare There seems to be some attention in the media about Healthcare and the partisan solutions attached to various programs… I find it interesting that the conservative republicans are incensed about the introduction of the Affordable Health Care Act (AHCA) – aka Obamacare. The estimated costs to the Government, in other words the deficit that […]
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The World’s not Normal

Last night saw a – 7.32% move in the Nikkei.  Big day. What does a 7% move in the market mean, for Japan this was a six sigma event, in other words the range of the movement was six times greater than its normal daily movement. Why is this important, because the asset management industry […]
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