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.
Tuesday, 05 November 2019 | 7:21 am
The entire process of moving a drug from design to clinical trials takes 10 to 12 years on average. Preclinical studies Deciding whether a drug is ready for clinical trials (the so-called move from bench to bedside) involves extensive preclinical studies that yield preliminary efficacy, toxicity, pharmacokinetic and safety information. Wide doses of the drug
Monday, 04 November 2019 | 7:31 am
Equity markets have made new highs while bond markets have stalled. Economic data are mixed following months of signs of slowing. India’s economy has slowed drastically, China’s slowdown seems to have moderated, Europe still looks weak albeit the data seems to have stopped deteriorating and the US economy seems to have firmed from prior weakness.
Friday, 18 October 2019 | 12:46 pm
Readers of this blog will be aware that I have been bearish about global economic and political conditions for some time now. Yet I find things to buy. I leave for my vacation and will return in 2 weeks and will endeavor to monitor news and markets as little as possible. But befor e I
Tuesday, 15 October 2019 | 8:46 am
Populists may be wrong in their prescriptions, but they are not wrong in their prognoses. Inequality If it feels like inequality, it probably is. 1% of the world’s population hold 47% of its wealth. To qualify, they must have at least 700,000 USD in assets. The share of wealth of the top 1% has been
Thursday, 03 October 2019 | 8:51 am
In recent times equity and credit markets have reacted to bad news with optimism, reasoning that weaker economic data would encourage the central banks to cut rates which would in turn boost the economy and support higher asset valuations. This is a perverse logic but one that supports trillions of dollars in investments. This year,