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.
Thursday, 27 June 2019 | 3:19 pm
Economic outlook Growth is slowing. After ten years of expansion, it is to be expected that the global economy should slow down. The slowdown is very tangible in Europe, is evident in China and rest of Asia, and in the US is showing early but significant signs. The Trade War is a drag on growth.
Tuesday, 18 June 2019 | 9:37 am
The history of our planet is replete with extinctions. As our planet’s environment and conditions evolve, and as the various species which live upon it evolve, speciation and extinctions occur. At the point of writing there are an estimated 8.7 million different types of life forms of which animals number between 1 to 2 million
Thursday, 25 April 2019 | 7:37 am
Following a pretty bad final quarter in 2018, markets had a good first quarter 2019. The reasons for the rebound included a) the fact that markets overreacted in 2018 to growth fears and the US Fed sending too hawkish a signal, and b) the US Fed retracting its hawkish message and aligning with the Chinese
Saturday, 23 March 2019 | 7:35 am
It is clear that the global economy is slowing, most acutely in Europe, but also in China and even in the US. This much is quite obvious from slower moving economic data. Yet for the first quarter, risk assets from equities to high yield credit have done well. This has mostly if not entirely been
Tuesday, 19 February 2019 | 1:23 pm
Capitalism and democracy are fundamentally bound. So it is with some trepidation that we witness the evolution of capitalism post the financial crisis of 2008. Without Communism as a nemesis and a guide it was also a risk that capitalism would make unexpected detours. The reaction to the crisis and its pragmatic prescriptions were done