What is it about banking executives that have become mega wealthy thanks to crony capitalism and their annual pompous ‘Letter to Shareholders’?
Continue readingYear: 2023
Correct analysis, wrong conclusion
What is the point of research and analysis if the conclusions drawn are wrong? How can an institution correctly analyse the problems in our economies and yet call for more of the same actions that have caused the malaise?
Continue readingSustainability goals miss the number 1 goal of sustainability
Readers will be aware of the banking crisis playing out in front of our eyes. Let’s take a moment to look at just two demises: Silicon Valley Bank and Credit Suisse, both effectively nationalised in Government emergency actions this month.
Continue readingBank bail outs are insane
For three reasons:
Continue readingRisk Management at SVB
Silicon Valley Bank collapsed last week. The ramifications are not yet known but will be significant. Who was in charge of financial risk management at the bank? Read on.
Continue readingKilling the cost-push inflation Hydra
Some myths never die. Just last month the Financial Review newspaper in Australia ran an opinion piece written by a senior portfolio manager at an investment management firm. The topic was inflation.
Continue readingResearch? Pull the other one
This is an example of the damage the woke virus has done to the minds of many senior executives in corporate life. Read this press release with a straight face, if you can. I read the report so you don’t have to.
Continue readingThe end of ESG and corporate wokeism is not far away
It seems clear that the era of ESG and corporate wokeism is closing.
Continue readingThe Coriolis Force and decisions in yacht racing
The Coriolis Force, or effect, causes southern hemisphere sailors to prefer to sail on the opposite tack to their northern hemisphere counterparts. But which way is best, and why?
Continue readingDon’t lose sleep over a trade deficit. Don’t get too excited by a trade surplus.
International trade is one of those topics of political economy that many people misunderstand. It’s like inflation, in that regard. The balance of trade, that is the value of exports less imports, is a commonly quoted and discussed national statistic.
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Australian Actuary 