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…
Global Macro Investing, Part VII
The first part of this series introduced the concept of Global Macro Investing. In the subsequent five parts, we have covered the basics on currencies and how to invest in currencies. We will now move on to commodities. There are…
Global Macro Investing, Part VI
Note: Indian investors need to check for compliance with FEMA rules and RBI guidelines on investment abroad, particularly so for any currency-related investments. The options presented below might not be feasible for an Indian resident. The last part rounded out…
Global Macro Investing, Part V
The Euro (Note: this post is sympathetic to the political views expressed by the author of what I consider to be the best book on the Euro, Philipp Bagus’ The Tragedy of the Euro, available for free on the given…