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.
FICTION: SymbOrg. The Future Of A Robot Economy.
Tuesday, 07 March 2017 | 9:31 am
Twenty years into the future and robots and androids have become commonplace. 5 years ago an international AI regulatory body was created, called International Robotics and Artificial Intelligence Council or IRAIC. The body establishes a set of guidelines to govern the development and treatment of robots and AI. IRAIC is also responsible generally for studying
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Musings From The Barstool. 10 Seconds Into The Future…
Wednesday, 01 March 2017 | 3:27 pm
Additional Disclaimer: The following thoughts are musings and not advice. Our current view of the global economy is that Trump’s policies may provide some turbocharging to an economy that is already in a growth phase, but that the short term stimulus is in fact a temporal wealth transfer and that growth slows due to higher
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Economic Growth. China, India and US. Taking Stock.
Tuesday, 28 February 2017 | 12:38 pm
Economic growth expectations have risen in the past few months on the back of a real improvement in economic data, a recovery in commodity prices, strong equity and credit markets, expectations of fiscal stimulus under the new Trump Administration. In China, growth in 2016 was bolstered by the reorganization of manufacturing, which is really a
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Singapore. Paradox of Plenty. How Real Estate Threatens Effort, Meritocracy and Stability.
Monday, 20 February 2017 | 10:49 am
What happens to an economy if everyone suddenly got rich without expending much effort or ingenuity? What if the people toiled for decades with some success but then an overriding factor made them rich which had little to do with their efforts? What if the magnitude of this wealth increase, which was uncorrelated, was disproportionately
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I Don’t Want To Know. What If Investors Had No Memory Of Market Prices.
Monday, 20 February 2017 | 9:23 am
An investor is faced with two sets of information. The first regards the commercial performance of companies thus earnings and cash flow, returns on equity etc, and the second is price information, which tells them what other investors are making of this information. What would the world look like, what would financial markets look like,
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