All That Glitters
One of the things that is always interesting about financial markets is the role that hyperbole plays in people’s decision making. For example, my LinkedIn page is for some reason littered with people who are obsessed with gold and this is a topic I have touched on before. For many investors, their decisions are based…
DetailsThe Stock Market Is Not The Economy
As last year drew to a close and Christmas loomed large on the horizon I sat down with Bushy Martin of the Get Invested podcast series to reflect on the year that was and offer my thoughts on the year to come. Click this link to be taken to the episode.
DetailsA Little Knowledge Is A Dangerous Thing
Recently some commodities have been on a bit of a tear as a consequence any index that tracks commodities has been showing signs of life. A day or so ago the chart below appeared on my LinkedIn feed. It is the Bloomberg Commodities Index with a trendline and an arrow is drawn on it because…
DetailsThe Essex Boys: How Nine Traders Hit a Gusher With Negative Oil
Among the many previously unthinkable moments of 2020, one of the strangest occurred on April 20, when the price of crude oil fell below zero. West Texas Intermediate futures, the most popular instrument used to trade the commodity, had started the day at $18 a barrel. That was already low, but prices kept tumbling until,…
DetailsOne For The History Books
One to print out and stick on your desk as you may never see it again.
Lessons from Norway’s SWF
PS: Depressing to think that Norway’s SWF is ten times the size of our Future Fund despite Australia being one of the most resource rich countries in the world. Chalk another failure up to stupid narrow-minded self-interested politicians.