2015

Geld Zug: HELLENIC HADES APPROACHES

As we approach the June Solstice in the northern hemisphere, we would do well to remember that in Greece and North America at this time of year it is known as the longest day of the year. The Latin from which the name is derived is “Solstitium” which means nothing less than “sun-stopping”. So, as we approach the final chapter in a farcical end game between Greece and the IMF/EU/ECB/EFSM/EC/European-taxpayers/(insert acronym beginning with “E”), we truly are about to finally watch the sun stop shining on Greece’s financial credibility. Again.   Angela Merkel, the Chancellor of Germany, now finds herself [...]

2015-06-22T00:59:27+00:00June 22nd, 2015|

Geld Zug: CAPTAIN AMERICA AND THE WINTER GDP

Winter has come. A bitter winter can bring with it devastating effects and not just for Al Gore. Winter will kill crops, defeat armies and in some countries where snow falls, it will hide the green grass under a blanket of white for an entire season. Only when the season changes and the snow melts away will the grass appear greener than ever to those who look upon it.   Winter in the US this year (2015) has affected US first quarter GDP numbers in a very similar fashion as to what they did to first quarter GDP numbers last [...]

2015-05-26T09:35:11+00:00May 26th, 2015|

Geld Zug: UNDERWEIGHTING THE POOR WHITE TRASH

UNDERWEIGHTING THE POOR WHITE TRASH The death of Lee Kuan Yew brought to mind his warning in 1980 that Australians were in danger of becoming the “poor white trash of Asia”. As things turned out, we didn’t: in terms of the World Bank’s inflation adjusted data, Australia’s GDP per head rose from USD 10,187 in 1980 to USD 67,458 in 2013, a six-fold increase. That’s pretty good compared to the US, which only managed a four-fold increase in the same period, to USD 53,042 in 2013. But let’s not get too cocky – over this period, Singapore’s GDP rose eleven-fold [...]

2015-04-02T10:01:01+00:00April 2nd, 2015|
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