Take Five – why the Scotland v Argentina World Cup game isn’t really over yet.

Anyone watching the Women’s Soccer World Cup will testify that the drama and excitement has been incredible, and we’re not even through the group phase yet. But in yesterday's game, while a new technology caused heartache, many missed the fact that an old technology failed completely, and that this game has not actually ended if …

New Directions – the Fourth Turning into the Third Industrial Revolution.

Today I want to tell a story – of how history rhymes, how human behavior can suddenly change, and how technology is set to enforce change. What’s to be positive about - how about everything? A traveler in Ireland asked a local how to get to Tipperary – the local rubbed his chin, thought a …

US/China Trade Relations – China Syndromes?

That we're still discussing the US/China relationship, especially the trade front, should not be a surprise. What is a surprise is the one-dimensional perspective commentators take. To us, this is nothing like a conventional trade war, and instead is the predictable "conflict of self interests"; a path that the two superpowers have long been on. …

Bitcoin – The beginning of the end?

Today's events, where Bitcoin scammers have sent bomb threats to schools and businesses, demanding payment in Bitcoin, demonstrates what we've all known for some time. That, given its perfect anonymity,  Bitcoin is the favored route for extreme criminal "commerce". How long before the authorities ban it, and take control of the crypto currency game? Today …

Fahrenheit 101 – why inflation indices are so controversial.

We measure inflation using “indices”. They are at best, very rough guides to the change in “average” prices in our economy.  But they’re fraught with problems, like “whose average?” Or indeed who is Mr and Mrs Average? So the debate as to which method is righ is very important. We’re seeing such a debate in …

Cracking the Genetic Code of Inflation – the future is “metallic gray”

My ex-colleage and good friend Ken Leech often recounted that “the story of interest rates is the story of inflation”. Put differently, where inflation goes determines where interest rates go. Today, inflation is considered a mystery. Despite the trillions of dollars poured into the US, European and Japanese economies over the past ten years, inflation is …