“Digital Corrections – will crypto save capitalism, and the FED ?”

The FED has no way of re-balancing or raising rates without crashing the markets. The FED doesn't want to take the blame. Not again. Even though the markets are crying out for a correction.  There is no discipline. The level of incontinence is unprecedented. QE has got to stop. But how? One would like new … Continue reading “Digital Corrections – will crypto save capitalism, and the FED ?”

Individualism bankrupt. Greed dead. Say Collier and Kay.

1999 guide designed to get America's youth interested in investing John Kay's "The Truth about Markets" and "Other Peoples' Money"  I read as entertaining eye openers about real business, finance and government. His realist observations made for a wittily scathing critique of many of the ills now bundled into neoliberalism. Colliers and Kay's bete noir … Continue reading Individualism bankrupt. Greed dead. Say Collier and Kay.

GameStop doesn’t stop the game

Collective insanity, insurgent revolt or just  playing games? Who cares if we can all have a laugh at Mr Moneybags drop his shorts  and reveal the entitled shrivel underneath. As Kenan Malik  writes in The Guardian  "Having been outgamed by a bunch of nerds, the titans of Wall Street did what all entitled people do. They … Continue reading GameStop doesn’t stop the game

ANOTHER NOW Dispatches from an Alternative Present by YANIS VAROUFAKIS

You want to change the world? Save humanity from self-destruction? Whether or not you like Yanis Varoufakis, he does seem to have a big heart and possibly a bigger brain than most of us. Just his impressively imagined other banking system is stacked with app-to-date-details hard to keep up with. Don't be distracted by political … Continue reading ANOTHER NOW Dispatches from an Alternative Present by YANIS VAROUFAKIS

Mariana Mazzucato on a Mission

  v Mariana Mazzucato's  "Mission Economy" spells out her vision for  "The "Enterpreneurial State",  title of her first bestseller. It made her famous for debunking some of the popular myths about the market as the only innovative generator of value.  Now she has written a "Moonshot Guide" on how the re-imagined  state could become a … Continue reading Mariana Mazzucato on a Mission

Squeezed V ?

"The force that has propelled the stock market rally is about to exhaust itself this week." Says Nigam Arora of marketwatch. "That force is related to a short-squeeze." I don't usually do oracle stuff but I couldn't resist this one... Update 24/04/20 "How many shapes can a recession take?"   the guardian has them all Just follow … Continue reading Squeezed V ?

Crisis!

Is the coronavirus an act of green terrorism? Allegedly the currently globalising  coronavirus did not just accidentally escape from the  Wuhan virology lab  but was deliberately smuggled out by a 21 year old researcher and self declared Greta Thunberg fan.  "I wanted to disrupt the earth-killing global economy" declared the biochemistry student who sneaked out … Continue reading Crisis!

Crisis? What Crisis!

"Almost no chance of a recession this year", concludes Barron's roundtable, "markets will gain despite looming risks."  "Recession has been "priced out in a rally for the record books" booms bloomberg and forbes feels that now "only the perennial bears believe" in a 2020 recession. Investors "go into the new decade with a spring in … Continue reading Crisis? What Crisis!

TINA forever?

To critics of capitalism, free markets and democracy, Herbert Spencer frequently responded, "There is no alternative." From the 19th century to the Washington Consensus via Charles Darwin, Margaret Thatcher, Francis Fukuyama, James Chen, Xiang Zhou, Michael Krämer, Angela Merkel, John Williamson, John Gray, John Kay, Christoph Pfluger and Mark Fisher.