DABERIAM XCVII

Nothing much, in reality, has changed since I put pen to paper in February, but the excuses have! Only a month or so ago the world economic problems were blamed by politicians and economists on the banking crisis...

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DABERIAM XCVI

The Year of the Fire Monkey, 2016, has started with stock market turmoil and paralysis in the central banks. Economic indicators are pointing all over the place and economic commentators, faced with no consistency in the short term indicators, are failing to come up with any cohesive or consensual opinion on what is happening...

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DABERIAM LXXVII

ADHD or Attention Deficit Hyperactivity Disorder is the phrase that comes to mind to describe the markets in general. For some time it must have been clear to most relatively well informed investment managers that Central Bank QE, which has largely been a euphemism for funding government deficits, would have to slow down and at some point cease...

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DABERIAM LXVI

Lewis Carroll’s Wonderland has achieved reality in Europe. Alice would have been at home at the meeting of the heads of state last weekend. Chancellors, Presidents, Prime Ministers – all meeting to discuss “the crisis” in Europe and come up with a solution...

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DABERIAM LX

As January goes, so does the rest of the year. Excuses by Central Banks abound, but it’s beginning to dawn on everyone that inflation is here and serious.

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