Digital currencies and more
Bitcoins are a bad idea. I’ve put this forward from multiple directions already. What’s interesting is the range of new, government-sponsored digital currencies that are in development. Digital...
View ArticleInevitable meltdown
Yes, government bond yields around the world are plummeting to all-time lows. They’re falling through the floor as investors realise the global economy is about as close to the drain as it’s been even...
View ArticleA post about a post about accounting standards
The IASB and FASB are trying to get their heads around expected loss models for credit provisioning. I’ve seen some of what they’ve suggested over time and they really have had some odd ideas. Maybe...
View ArticleGold ain’t happening yet
Paulson and Soros still think Gold is a buy, adding to their stakes as the price declines. It’s also not very brave of me to blog about this now as gold has declined when for much of the financial...
View ArticleSummary of Cypriot capital controls
From a number of sources (CNN, USAToday, FT) No Eurozone country, since the creation of the Euro, has ever instituted capital controls. It’s not really allowed, except in exceptional circumstances....
View ArticleBanking failures in South Africa
South Africa has a pretty rich history of banking failures. This paper, part of a masters, by Sipho Makhubela, provides an interesting over of banking failures since 1994. I haven’t read the entire...
View ArticleBacon flavoured Bitcoins
Bitcoins are an awful idea as a currency. The 21m fixed limitation on bitcoins in a hopefully growing economy requires deflationary prices. Deflationary prices in turn discourage consumption and...
View ArticleArgentina in default for second time in 13 years
S&P declares Argentina to be in default for the second time in 13 years and the third in 25. Inflation is likely to hit 40% this year and the Peso has already lost a quarter of its value this year,...
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Norway’s new bank notes
Pretty far from a normal topic for this blog, but at least it relates to money. Norway’s new banknotes Norway has new banknotes or at least they will be 2017. Standard on one side and abstract,...
View ArticleBook Review: Bitcon – The Naked Truth About Bitcoin
Jeffrey Robinson, the author of the well known book “Laundrymen” that I’m now reading, has written an engaging story about The Satoshi Faithful (as he calls them) supporters of Bitcoin and where their...
View ArticleA post about a post about accounting standards
The IASB and FASB are trying to get their heads around expected loss models for credit provisioning. I’ve seen some of what they’ve suggested over time and they really have had some odd ideas. Maybe...
View ArticleGold ain’t happening yet
Paulson and Soros still think Gold is a buy, adding to their stakes as the price declines. It’s also not very brave of me to blog about this now as gold has declined when for much of the financial...
View ArticleSummary of Cypriot capital controls
From a number of sources (CNN, USAToday, FT) No Eurozone country, since the creation of the Euro, has ever instituted capital controls. It’s not really allowed, except in exceptional circumstances....
View ArticleBanking failures in South Africa
South Africa has a pretty rich history of banking failures. This paper, part of a masters, by Sipho Makhubela, provides an interesting over of banking failures since 1994. I haven’t read the entire...
View ArticleBacon flavoured Bitcoins
Bitcoins are an awful idea as a currency. The 21m fixed limitation on bitcoins in a hopefully growing economy requires deflationary prices. Deflationary prices in turn discourage consumption and...
View ArticleArgentina in default for second time in 13 years
S&P declares Argentina to be in default for the second time in 13 years and the third in 25. Inflation is likely to hit 40% this year and the Peso has already lost a quarter of its value this year,...
View ArticleClik here to view.
Norway’s new bank notes
Pretty far from a normal topic for this blog, but at least it relates to money. Norway’s new banknotes Norway has new banknotes or at least they will be 2017. Standard on one side and abstract,...
View ArticleBook Review: Bitcon – The Naked Truth About Bitcoin
Jeffrey Robinson, the author of the well known book “Laundrymen” that I’m now reading, has written an engaging story about The Satoshi Faithful (as he calls them) supporters of Bitcoin and where their...
View ArticleCredit Life regulations and reactions (1)
Credit Life regulations have been live for long enough now that insurers are starting to feel the impact and the shake-up of amongst industry players is starting to emerge. There have been plenty of...
View ArticleBitcoins, deflation and the slightly silly impact of loss
I think Bitcoins and the Blockchain are amazingly cool. I still don’t think Bitcoins are a useful currency and I worry that many of Bitcoin’s biggests fans also like the gold standard, Austrian...
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