by Thomas Aubrey | Jun 2, 2014 | Uncategorized
This post, which is the first in a series of three on Piketty’s Capital in the 21st Century, argues that his assertion we are heading back to pre-WW1 levels of inequality remains speculative and not supported by his data. As Larry Summers critiqued in his review,...
by Thomas Aubrey | May 13, 2014 | Uncategorized
With a third of the year already gone, it seemed timely to look at how the credit disequilibrium model has performed to date. The US model continued to signal equities and year to date they have performed better than bonds generating nominal returns of 2.4% versus...
by Thomas Aubrey | Apr 24, 2014 | Uncategorized
Paul Krugman in a recent article argued that the rock star of the recovery – Sweden – has turned itself into Japan. The data he cites to back this claim up is deflation and a halt to the falling unemployment rate. This is a major claim to make which seems...
by Thomas Aubrey | Apr 20, 2014 | Uncategorized
The IMF has recently produced an interesting paper on the trend in global interest rates over the last 30 years. The paper argues that real interest rates have fallen over the last 30 years in three phases. In the 1980s and early 90s it was due to monetary policy, the...
