Category Archives: Market Analysis

On Gold Buggery

My piece on gold bugs, their culture and their silliness is now online at The New Internationalist website for all you lousy folks that didn’t bother picking up a copy. It was one of the most fun pieces I ever … Continue reading

Posted in Economic History, Economic Policy, Market Analysis, Media/Journalism | 10 Comments

Academic Sophistry: Dart-Throwing Monkeys and the EMH

The other day I did a post on the Efficient Markets Hypothesis (EMH) that generated some discussion. I want to deal with a few of the issues raised in a some upcoming blogposts. One issue of interest was that many … Continue reading

Posted in Economic Theory, Market Analysis, Statistics and Probability | 24 Comments

The Efficient Markets Hypothesis Has Been Proved Wrong But Economists Do Not Want to Listen

The Efficient Markets Hypothesis (EMH) is wrong. It has been proved wrong. Do you think you’ve heard this before? You likely have, but the proof that you’ve heard that the EMH is wrong probably has not done the damage that … Continue reading

Posted in Economic Theory, Market Analysis, Statistics and Probability | 22 Comments

Confusing Accounting Identities With Behavioral Equations

Here’s an interesting little debate from earlier this year that I came across yesterday evening. It is between a number of market analysts over whether the current stock market is overvalued. Why is that interesting? Because the argument is focused on … Continue reading

Posted in Economic Theory, Market Analysis | 25 Comments

Meanwhile, in the Meeja

I have written a piece for Al Jazeera on Janet Yellen’s recent comments on specific asset markets. This is a big turning point for the Fed but it leads to major contradictions in their policy goals. Fed’s targeting of asset … Continue reading

Posted in Market Analysis, Media/Journalism | Leave a comment

Financial Markets in Keynesian Macroeconomic Theory 101

Yesterday when I published my post on Krugman and the vulgar Keynesians not understanding the meaning to the term ‘liquidity trap’ I came to realise that many readers — both sympathetic and hostile — do not really understand the Keynesian … Continue reading

Posted in Economic Theory, Market Analysis | 20 Comments

Stock Market Crash!

Did that title get your attention? I’d imagine that it did. There’s nothing like predictions of a crashing stock market to get the attention of readers. Well, I’m not quite willing to make any firm predictions. Rather I want to … Continue reading

Posted in Market Analysis | 14 Comments

Housing Bubble Redux

A piece I did for Al Jazeera on the IMF warnings of a potential global housing bubble. Here we go again. Will real estate bubbles again sink the global economy?

Posted in Economic Policy, Market Analysis, Media/Journalism | 4 Comments

Has the UK Got Another Property Bubble?

I note that Lord Keynes has a post up on property prices in the UK in which he says that they’re in a bubble. I’ll get to that in a moment but first I want to show how messy the … Continue reading

Posted in Market Analysis | 14 Comments

Could a Russian Intervention in the Ukraine Burst the London Property Market?

Over and over again I’ve been asking myself: is there a housing bubble in London? Certainly house prices are booming but I was never comfortable calling a bubble in the typical sense of that word. Why? Because this didn’t look … Continue reading

Posted in Market Analysis | 3 Comments