That problem of misaligned incentives applies to our entire understanding of the financial system too. Without an understanding of what happened, our interpretation is likely to be wrong. And that means our response is too. And that’s how crises keep repeating.
But what if you could just get in your car at 5pm, watch a few episodes of Breaking Bad, go to sleep and wake up at 10am in the South of France? This is the reality that self-driving cars will bring. And, if there are two of you travelling, it would only cost
Britain has agreed on a transition deal with the EU. But the EU’s negotiator reminded us that “nothing is agreed until everything is agreed”. So have we agreed on a transition deal or not?
The gym will be happy for you to pay every month and never use it, but it will never call you and say it has a new way for you to pay because that might prompt you to quit instead of adopting the new platform. Banks think of us in the same way so they tend to
Facebook, Google and potentially Twitter will ban cryptocurrency advertising on their platforms. That includes advertising of related products. Banks around the world are refusing to deal with major crypto exchanges. Sometimes when those exchanges are in
The traditional authorities are beginning to realise they are fighting the rising tide. They cannot hold back the disruption. Many will continue to try. They will wage a war of spin and propaganda. But it will only delay the inevitable.
You may not have seen violins in an investing light before, but their market performance may surprise you. According to Credit Suisse, using data running back to 1900, violins have seen better annual returns than bonds, fine art, gold, silver and diamonds.
If you have any money in cryptocurrencies, it’s likely been a worrying few weeks. So what the hell is going on? Well, it’s all to do with the FOMO vs FUD cycle. Understanding this simple concept is the key to good crypto investing. And to getting a good
He fears that once AI surpasses us, we will be completely at its mercy. And that even if it was designed for good, the people designing it lack the vision to see how this, seemingly noble aim, could turn out badly.
It seems a recession will be extremely difficult to fight off if it strikes now. Not that one can or should fight off a recession, but that’s what governments and economists believe they should do. So they’ll try. But is there really such a risk? The
Take for example the requirement to be part of EU policy until Brexit. European leaders have come up with all sorts of hare-brained schemes lately. It’s as if they’re testing the British commitment to comply with wacky EU law until we leave.
For today’s issue, I’m going to answer the top five crypto questions we get asked here at Southbank Research. Whether you’re crypto veteran with hands of steel, or just starting out, I think you’ll find today’s issue extremely helpful. So let’s
The people writing the press releases wanted a particular narrative to win out: the debate is over, antidepressants work. And all the major news sources just went along with it, without questioning it. This happens all the time in many different industries.
Always remember, monetary policy works largely by encouraging leverage. Hence the steady debt boom over time around the world. Without a clear-out of the leverage through a recession, the firms that would’ve died become zombies instead. They’re
After the US came out hugely in favour of cryptos in its regulatory hearing in January it was clear China would end up doing the same. No country wants to lose out on the huge amount of money “the next internet” could bring. At least, not once they hear
House prices fell nationally in the last three months reported Halifax. The Royal Institution of Chartered Surveyors house price index hit zero in February. The latest results mean demand for homes in the UK fell for the 11th month in a row. Sellers are
If the volatility were to subside, what true value would Bitcoin be revealed to be? Sam Volkering is optimistic. Volatility plays a huge role in managing investment risk these days. But volatility and risk are quite different, and he who conflates the two
This Wednesday court documents were released from the ongoing bankruptcy case of Mt Gox. If you’re not familiar with Mt Gox, it was the world’s biggest Bitcoin exchange back in 2014. It was badly run and got hacked. The hackers got away with 740,000
They encourage innovation, trust, reputation, stability, and many more good traits. Compare that to money by fiat, meaning government declaration, and you can see how the motivations lead to different results. Governments abuse their currencies terribly. And
They already have the sports cars, swanky holidays and life accolades. So when an extremely high-achiever realises their own mortality and takes a look at their life, what do they decide to change? Nothing. In fact, they decide that they want to go on living
Reading the news about Obama’s tariffs from 2016 is hilarious compared to today’s coverage of Trump’s proposals. The media’s deep hatred of Trump is exposed for all to see. And it’s unsurprisingly difficult to find any news mentions whatsoever of
The idea behind the third thumb is to get people to think about prosthetics differently, according to its designer, Dani Clode. Not to see them as fixing something that’s broken, but as enhancing the wearer. Because, you can now get a third, or even
The Italian election means even the most ignorant MEP can’t avoid the conclusion. For the first time, anti-euro rhetoric made it to the top of the polls in a national election in a major eurozone economy. Put together, eurosceptics took about two thirds of
Property is one of the world’s most popular investment classes. A very large proportion of the world’s wealth is tied up in bricks and mortar. I say, “tied up” – because it’s very hard to get your money out. Wouldn’t it be nice, if you could