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May 9, 2025

Author: Burnham Banks

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.
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Thoughts from the Bar Stool. 2025 02

Wednesday, 05 February 2025 | 8:48 am by Burnham Banks
People show off on social media. On average, one is likely to encounter more people who have a better life than they do. Social media makes people feel less well off than average. We were told that capitalism and free markets gave us a fair chance of improving our lives. It makes sense to measure
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Trump. Vichy. Lebensraum.

Saturday, 01 February 2025 | 2:55 pm by Burnham Banks
I am not a political scientist and lack the understanding to contemplate the implications of the second Trump presidency. I do worry about a number of things. Trump seems less antagonistic to China or Russia than to Canada, Greenland and Mexico. What unites these three countries is proximity to America. It’s not a stretch to
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FICTION. Ten Seconds Into The Future 2025

Monday, 27 January 2025 | 3:26 pm by Burnham Banks
Artificial Intelligence A trading algorithm develops to an unprecedented level of intelligence. The quant fund decides to deploy it generally outside the field of finance. To enhance its efficacy, the algorithm is trained on human interactions, notably, emotions. The algorithm is christened Isla by its two founders. Isla rewrites its operating system for universal generality.
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A Few Thoughts about AI

Thursday, 23 January 2025 | 6:07 pm by Burnham Banks
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Ten Seconds into 2025. This is Thin…

Monday, 06 January 2025 | 7:42 am by Burnham Banks
You can’t clean your car to make it rain but here goes… Both growth and inflation will be higher. Fiscal and monetary policy are likely to stoke growth and inflation. In the short term a slowdown or recession is more likely. Inflation is not going away. Demographics, the interplay of fiscal and monetary policy, trade
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Ten Seconds Into The Future

“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.”

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