Since the atrocities of World War II, Germans have been ultra cautious to avoid overt politics.
Continue readingYear: 2023
Net Zero
Net Zero is not a term that is easily defined but that has not stopped the Australian Federal Government legislating a requirement that the country be net zero by 2050.
Continue readingLarry Fink confuses me
Larry Fink, founder of Blackrock investment behemoth, is confusing me.
Continue readingScandals in professional services are usually terminal
The scandal engulfing PwC in Australia has the potential to destroy the Australian business.
Continue readingThe US debt ceiling – does it matter?
It’s time for a detailed note on the political circus in Washington DC gyrating over the debt ceiling.
Continue readingThe $1 trillion coin solution to the debt ceiling crisis
The idea of the trillion dollar coin is back, it seems. This idea is so gobsmackingly stupid that it has attracted the approval of Paul Krugman.
Continue readingWho would be an insurer?
Insurance is the second greatest invention of the financial world. (For those wondering about the greatest? Commodity backed money.)
Continue readingWhat would you do, if you were me?
Be honest, who hasn’t had someone seek advice with that question?
Continue readingPlease Sir, I want some more
I accidentally stumbled onto the website of the Reserve Bank of Australia (RBA) on a recent search for inflation data. Trust me, it was an accident. While I sometimes visit the RBA site for a laugh, I never go there to learn anything.
In this case, the RBA page gave an explanation of the causes of inflation. Stop me if you’ve heard this before: demand-pull, cost-push and inflationary expectations. Yawn. Decades after the twitterings of Keynes and Samuelson, the modern day RBA types still believe that rubbish.
I was wrong
A little over three years ago I wrote a piece that posited the almost global Government reaction to Covid19 was an overreaction. I thought that it would take no more than 6 months for people to realise this.
I was wrong. It took a lot longer.
Australian Actuary 