The rise and fall of bitcoin

1 day 2 hours ago
THE great Sir Isaac Newton may have revolutionised our knowledge of the world but he still had his blind spots. He was sucked into the great mania of his day, the South Sea Bubble (pictured) and lost a lot of money. “I can calculate the motion of heavenly bodies but not the madness of people,” he ruefully reflected.

Where did the inflation go?

1 week 5 days ago
THE strength of the global economy is one reason why the stockmarket has started 2018 in a buoyant mood (with the Dow passing 25,000). At some point, in any expansion, businesses find it harder to recruit workers or get the materials they need; these bottlenecks cause wages and prices to rise.

Where did the inflation go?

1 week 5 days ago
THE strength of the global economy is one reason why the stockmarket has started 2018 in buoyant mood (with the Dow passing 25,000). At some point, in any expansion, businesses find it harder to recruit workers or get the materials they need; these bottlenecks cause wages and prices to rise.

Is the bubble only starting?

2 weeks ago
READY for a melt-up? Investors are generally upbeat about the prospects for equity markets this year but one intrepid fund manager thinks it is likely that American share prices could rise by 50% in the next six months to two years. Perhaps the biggest surprise is the identity of that pundit: Jeremy Grantham.

What 2018 has in store for the markets

1 month ago
WHAT is in store for economies and markets in 2018? Around this time of year, a large number of analysts and fund managers are giving their views. Among the most interesting and thoughtful approaches can be found at Absolute Strategy Research (ASR), an independent group founded by David Bowers and Ian Harnett.

Putting a price on bitcoin

1 month 1 week ago
SCENE: A pet shop with a bored looking proprietor. A customer approaches CUSTOMER: I’d like to buy a parrot. OWNER: Certainly, sir. How about this one? It’s a Norwegian Blue. Beautiful plumage. CUSTOMER: It’s not moving much OWNER: It is tired and shagged out after a long squawk CUSTOMER: Fair enough. How much is it?

The bitcoin bubble

2 months 2 weeks ago

PUT the word Bitcoin into Google and you get (in Britain, at least) four adverts at the top of the list: "Trade Bitcoin with no fees", "Fastest Way to Buy Bitcoin", "Where to Buy Bitcoins" and "Looking to Invest in Bitcoins".

When the revolution eats itself

3 months ago
WHEN a revolution happens, the consequences are not obvious straight away. The British referendum on EU membership in June 2016 was seen as a revolt of ordinary people against a globalised elite. The politicians who led the Leave campaign did not seem to expect to win. As wags remarked, they were like “the dog that caught the car”.

Taxing the rich

3 months ago
FOR once, the Daily Mail and the Guardian, British newspapers of the right and left, agree. In the former, Alex Brummer says “IMF's new line of thinking of tax should please Corbyn & co” while the latter says that the IMF “analysis supports tax strategy of Labour in UK”.

When investors get stuck in the past

3 months 1 week ago
THE award of the Nobel economics prize to Richard Thaler is a reminder that economics has been struggling, in the past 30 years, to adapt its models to the real-life decision-making processes of actual humans. The problem applies as much in investment as anywhere else.

Can you afford to retire?

3 months 1 week ago
HOW much money do you need to retire? Depending on your age, it is a question you think about a lot (if retirement is imminent) or barely at all. For younger people, the subject is a combination of too far away, too complex and too boring, and too depressing.
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21 minutes 16 seconds ago
Analysis of the ever-changing financial markets (Wall Street trades used to take place under a Buttonwood tree)
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