Since the start of 2021, the question that appears to be on everyone’s mind is “Will this year be any better than the last?” When it comes to the economy, the IMF certainly seems to think so. In an update last month the fund reiterated the forecast it made in April of last year, assuring that global economic conditions would… Read More »The Real Recession Has Yet To Come
The recent rise of PMIs may be overstating the extent of the global economic recovery. Economic conditions look to be the best in a while for the US and most European countries, at least according to recent readings of the popular Purchasing Manager’s Index (PMI). Ever since the global recession started to unravel in March, economists and market analysists alike… Read More »Are V-shaped PMIs Misleading?
With returns on other assets at historical lows gold has become highly attractive to investors. After a stellar performance over the past few months gold has found its way back into the headlines, with market prices rising above $2000 an ounce for the first time in August. Having increased some 50% in value since the beginning of 2019, the precious… Read More »A Sales Pitch for Buying Gold
Lecture given by Howard Nicholas in 2015 for the Critical Collevtive, in Amsterdam. Video below for reference. Original slides: 2015 Oct 14 SSA More recent version: 2017 Jan 17 UoA v3 Further readings: 2017 Reference list
The recent rise of PMIs may be overstating the extent of the global economic recovery, and instead could hint to a worrying development. Although no one would question the success Singapore has had in raising the living standards of its population, and establishing itself as a regional centre for trade and financial services, the origin of the country’s economic success… Read More »Singapore and the Myth of Services-based Development