Recent stories
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Chancellor: Central bank coin will crush the banks
To battle cryptos, digital money created by monetary authorities must protect individual liberties while minimising the state’s role in credit allocation. Doing that without disrupting commercial banking and the dollar’s hegemony will be a tall order for Powell, Lagarde and Co.4 May 2021 -
Chancellor: Regulators will kill the SPAC frenzy
Like “Bubble Companies” of 1720 England, today’s blank-cheque vehicles are “carrying on an undertaking of great advantage, but nobody to know what it is.” That speculative era ended when authorities stepped in. The SPAC bubble may be more rational but will meet a similar fate.20 April 2021 -
Chancellor: Hwang has company in Keynes and Graham
Long before the failed Archegos manager was even born, Benjamin Graham, tutor to Warren Buffett, and J.M. Keynes were teaching the perils of speculating on stocks with oodles of debt. It’s worth remembering their stories as Credit Suisse, Nomura and others count their losses.6 April 2021 -
Chancellor: Value investing’s day is coming soon
30 March 2021 -
Chancellor: A bear market in bonds is beckoning
2 March 2021 -
Chancellor: Was I totally wrong about bitcoin?
12 January 2021 -
Chancellor: Year of extraordinary popular delusion
7 January 2021 -
Chancellor: Wall Street is firmly in Wonderland
9 July 2020 -
Chancellor: Inflation as the post-pandemic cure
25 June 2020