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Australia: Running Out of Luck (Unless you own gold?)
In 1964 the Australian Donald Horne, social critic, wrote a book titled ‘The Lucky Country’ a statement of irony about his beloved home – Australia. He felt that where other countries had earned their...
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Risky, Riskier, and the Riskiest
Is now the worst time to invest? I would go further and argue there has never been a riskier juncture in the history of investment at which to put money to work. Let’s take a quick look at some of...
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The Central Bank Revolution I (Well ‘Nominally’ So)
“The Checklist Manifesto – How to get things right”, is a masterful book for its narrative and practical application. Written by Atul Gawande, an acclaimed surgeon based in the US, he takes us on a...
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The Pound Will Fall like a Stone – Try Ounces Instead
Sterling remains one of our least favourite currencies. We have frequently highlighted the terrible state of the UK economy, and the baleful effects the heavy private and public debt loads are having...
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Is it Safe . . . . ?
Anyone who has seen the 1976 film Marathon Man will no doubt recall the cringe-inducing scene where a sadistic Nazi dentist (played by Laurence Olivier) tortures the protagonist (Dustin Hoffman) by...
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Cyprus – Oh the Irony!?
In history seemingly innocuous events portend more serious outcomes – albeit we recognise them in hind(e)sight. This is the dramatic irony of history. Just as a single shot in Sarajevo, took out a...
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Board up your windows, the Budget cometh
Sources in Whitehall are reportedly looking into the re-introduction of the Window Tax 162 years after it was repealed. With the UK government hell-bent on austerity, it has positioned itself as the...
View ArticleCyprus: The ‘Glue’ of Europe
Following up on our piece earlier this week, the coming hours and days are pivotal for Cyprus. Whatever is decided will be bad. Choosing the right solution for Cyprus is like trying to pick the best...
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Crisis, what crisis?
Three words that helped bring down the last Labour government in 1979, even though the man generally thought to have uttered them – Jim Callaghan – did not in fact do so. But the Sun journalist who...
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Message To all Gold Mining CEOs – A Gold Mining Predicament
The main GDX gold mining index is down 37.4% YTD and down 54.4% since the 2011 peak. It is a very sorry state of affairs. The gold price is now down 17% YTD and clearly questions are being asked...
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