Archives for Macro - Page 3

Global Trade is Being Killed by Technology

Global trade has been a hot subject of discussion during the current US presidential election cycle. The basic downside argument is that  Americans have lost jobs to foreigners, while the upside is greater efficiency and lower costs. This is an emotional subject and facts are subject to much distortion. A…

Too Much Technology

In Australia, Mercedes is advertising the new C Class as: “100 million lines of code. One groundbreaking vehicle.” It’s possibly not a good thing that an average car has ’50 times more code than a Raptor fighter jet”. The American Automobile Association (“AAA”) has reported that 2015 was a record year for…

The Connection Between Population, Energy and Debt

There are currently 7.4 billion people on Earth, with a typical daily net increase of 150,000. This rapid population increase was only possible through the discovery and use of large quantities of energy. In the chart below, it can be seen that the population started to take off at the…

Gold is Not Money – Yet

In the 1970’s John Exter created “Exter’s Pyramid”. The pyramid classified financial assets in terms of risk. The riskiest, and largest, asset class in the pyramid is derivatives. The least risky, and smallest, financial asset is gold. Read more on Exter’s pyramid here. Today, gold is unloved by many, from…

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