What is Bitcoin? Bitcoin is a digital currency, represented as ‘BTC’. The currency units are called bitcoins, represented as ‘btc’. How did it come into existence? Remember, remember, the thirty first of October 2008, the day the world received news…
Be Afraid, Be Very Afraid… Don’t
Markets are crashing! TV talking heads are somber and speak as though they are covering a funeral of war victims. The newspapers report that Facebook shares fell 4% in one day, heralding the end of social media. Prominent firms tell…
2016 Market Outlook
Airplanes spend about 70% of their flight time deviating from their planned flight path. That does not imply having a flight path is useless. The flight path serves as a guide, and the planes use that guidance to course correct.…
The Case for Owning Gold
The Wall Street Journal called gold a pet rock. John Maynard Keynes, a famous investor and economist, called it a barbarous relic. Numerous studies have been done showing gold to be a poorer investment than stocks. It pays no dividends,…
The Golden Age of Fed Omnipotence
The entire financial community waits with bated breath for the answer to the one question: will she, or won’t she? One woman holds sway over the world financial markets. She has the power to make or break vast fortunes, equivalent…
A Requiem for the Rupee
We are in the midst of a global currency war. While the roots can actually be traced back to the time Britain abandoned the Gold Standard, let’s not go that far but look to recent history as a guide. This…
Look Out Below – Market Crash Ahead
Markets cycle. It need not necessarily be so, but it is so in a world driven by central bank manipulation of money. As per the Austrian school of economics, central banks drive interest rates below their free market rate resulting…
Why you should embrace, not fear, the coming market crash
Amidst all the gloom and doom associated with a market crash, let’s put emotions aside and just look at what a crash actually means. The ‘experts’ on the mainstream media (I call them the lamestream media) like to cheer bull…
Global Macro Investing, Part IX
In my previous article, I noted that we will explore certain commodities in greater detail. So, let’s get right to it and take a look at crude oil. Crude Oil The top 3 oil producing countries are Russia, Saudi Arabia…
Global Macro Investing, Part VIII
Part VII introduced commodities and their relation to equities over the business cycle, drawing on research done by the National Bureau of Economic Research (NBER). This part will focus on obtaining a basic understanding of the commodities themselves. The publicly…
