Hello. I’m Burnham Banks and I studied economics in the late 80s and early 90s. I’m still studying economics today and am still no wiser. This blog is a journal, a record of my thoughts and experiences. If we are destined to repeat our mistakes, we should at least repeat them faithfully. If not, then perhaps the past is a mischievous guide and we should try something new.
What does Trump want? What motivates him?
Friday, 31 August 2018 | 3:10 pm
Trump seeks glory and believes that it can be achieved by making America great again. He wants to do it his way. He found it unacceptable that a black man was President. He has never accepted the legitimacy of the Obama Presidency holding that Barack Obama was not born in America (he was, in Hawaii).
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Trump and the Fed. Tussle over Punchbowl.
Monday, 27 August 2018 | 10:10 am
President Donald Trump has been spiking the punchbowl with Vodka just as theFed has been trying to dilute it before the party gets too drunk.
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What Does Trump Want? Economically
Monday, 27 August 2018 | 7:05 am
What is Trumponomics? * A balanced current account, to be treated fairly by trading partners. * High growth through low and declining taxes. * Low interest rates, low borrowing costs. The wish list of the US President is actually quite simple. What confuses or confounds his critics is that conventional economics make his objectives mutually
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Investment Outlook Update 2018 08
Tuesday, 07 August 2018 | 8:53 am
It is difficult to ignore the short term trends and volatility but I will give it a try. In few other disciplines does luck or chance play a bigger part of the outcome than in investing. The shorter the time frame, the more chance plays a part in the outcome. The longer the time frame,
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Open and Shut: Immigration
Wednesday, 20 June 2018 | 12:49 pm
Open: Immigration is good for the economy. Unless the allocation of resources is already optimal everywhere, a redistribution of resources (human in this context) can increase the wealth and welfare of the collective. Workers moving from a poor country to a rich one become more productive as they are combined with more and better capital,
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