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.
Friday, 07 December 2018 | 5:07 pm
We began 2018 with expectations of synchronized expansion and then things slowed down almost everywhere. How do you see the economy progressing? Trade is an interesting area since the American President decided to turn a Cold War into a shooting one. Global trade, as a percentage of GDP, had peaked in 2008 and has
Friday, 07 December 2018 | 8:02 am
Markets were badly shaken again this week. The trading was interrupted by a US holiday as the nation paid its respects to the late President George HW Bush. The stock rally that was triggered by an apparent change of pace of the Fed, and a temporary ceasefire on the trade front at the G20 meeting,
Thursday, 06 December 2018 | 8:48 am
ESG is gaining awareness among investors. To date there are some 120 ESG ETFs with 11 billion USD of assets under management. SRI investing is expanding and currently totals 12 trillion USD in assets. Why might ESG investing be important and useful from an investment perspective, that is discounting the social, ecological and governance aspects
Friday, 09 November 2018 | 4:13 pm
The consensus amongst investors is the following: The US is still a good place to invest because the economy is strong, inflation is under control, and policy is accommodative despite the Democrats winning the House and potentially stopping further shots of performance enhancing substances, the Fed is raising rates reassuringly and gradually, and finally, there
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).