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.
Inflation is coming
Thursday, 15 April 2010 | 12:00 am
Yesterday the MAS in Singapore announced a re-centring of their FX basket and a bias towards a strong currency to counter inflationary pressure. Brazil has a CPI running over 5%, while India’s WPI is near 10% – as is Russia’s.
- Published in Articles
No Comments
When will this market manipulation stop?
Tuesday, 14 July 2009 | 4:52 am
The stockmarket is no longer determined by fundamentals nor technicals nor free market forces but by the desperation of governments, central banks and policymakers hell bent to give the impression that they have averted an economic crisis which in the end will be inevitable.
- Published in Articles
Australian property
Friday, 03 April 2009 | 3:45 pm
We were waxing positive on prospects for the Australian market the other day. We said that even property down under does not look so bad.
- Published in Articles
The Blame Game
Monday, 30 March 2009 | 3:57 pm
I’ve been thinking about who is to blame. The first answer that comes to mind is my parents, because they are usually to blame for just about everything else, but I am not sure I can pin Madoff or the Credit Crunch on them.
- Published in Articles
The Ultimate Hedger
Thursday, 26 March 2009 | 5:28 am
We clearly have seen the demise of risk management as we have known it. Nassim Taleb spoke very eloquently about the Black Swan, but I suspect even he did not anticipate a gigantic flock of black swans soiling the world’s financial markets. So, where do we look for a better way?
- Published in Articles